Singapore-based upstream petroleum company KrisEnergy (Gulf of Thailand) Co has produced the first crude oil from the offshore Wassana petroleum block (G10/48), according to the Energy Ministry's Mineral Fuels Department.
KrisEnergy was awarded an exploration licence in December 2006 by the department under the 19th round of petroleum exploration.
After spending years on exploration, the company found potential for commercial production and received a production licence in February.