Oil is considered as one of the most precious commodities in the world market today. It plays a major role in the mobility of trade, generation, electricity, innovation and economic development. This is the reason why various explorations are being conducted so that producers can sufficiently supply the ever growing demand for this.
Black Diamond Development and Exploration Co. Ltd., (BDDECL) is one of the oil exploration companies that see the need for continuously finding resources to meet the large scale demand for oil. Explorations for oil reservoirs have successfully began in the mid-19th century and most are successful. However, due to the increasing need for this commodity, a lot of companies have ventured into oil and gas explorations in different places of the world.
Black Diamond Development and Exploration Co. Ltd., (BDDECL) aims to discover other oil reservoirs in the planet. We are deeply committed and dedicated in addressing the world’s need for more oil and gas sources to sustain the needs of present and future generations. Our continuous efforts in exploring other sources are indeed very promising. Surely, with the help of the advancements in technology for oil and gas explorations, we can deliver favorable results for the entire human race.
Companies like Chevron, Mitsubishi, and Moeco that are in the oil and gas industry are concentrating their basics on oil and gas exploration in the northern part of Thailand with special attention to the province of Sukhothai.
Sukhothai province which is situated in Ban Suan Thailand confirmed enormous amounts of reserved mineral resources such as oil that have a producing rate of 18,000 -20,000 barrels per day (BOPD). Example: Chevron had drilled one well in the northern section of Thailand and had encountered billions of cubic feet of gas.
Black Diamond Development and Exploration, a Thailand corporation founded by Mr. Ronald Shane Flynn, was able to negotiate and acquire properties and mineral rights in the middle of the most active and successful drilling areas in Northern Thailand. One of the fourteen Black Diamond wells has a confirmed Test Production of 8,000 barrels of oil per day with two well bores that have a bottom hole pressure of above 5,600 PSI.