Spudding of Bualuang B8/38-8 (NW-1) Exploration Well

Salamander Energy plc announces the start of its exploration campaign in the Greater Bualuang area, offshore Gulf of Thailand.

The B8/38-8 (NW-1) well is testing one of a number of fault terraces to the north west of the Bualuang oil field.  Resource potential of 10 – 15 MMbo has been identified in a cluster of prospects to the north of the field. The B8/38-8 (NW-1) well will be drilled by the Atwood Mako jack up rig that is under long term contract to the Group and recently concluded a short drilling programme from Bualuang Alpha Platform.  B8/38-8 (NW-1) is expected to be a 14 day well and is the first of two exploration wells that are currently envisaged as part of the immediate programme.

The Bualuang Bravo Platform construction is complete and the load-out, sail-away, hook up and commissioning will commence later this month. Once installed, the rig will move onto the Bravo Platform for a 16 well development drilling programme, which will lead to a sharp rise in production from the Bualuang field in 2013.

 

Enquiries:

Salamander Energy
+ 44 (0)20 7432 2680
James Menzies, Chief Executive Officer     
Geoff Callow, Head of Corporate Affairs     
      
Brunswick Group     
+44 (0)20 7404 5959
Patrick Handley     
Elizabeth Adams     

 

About Salamander

Salamander Energy is an independent upstream oil and gas exploration and production company listed on the main market of the London Stock Exchange (Ticker: SMDR) and is a constituent of the FTSE 250 index. The Group is focused on growth assets in and around three core areas: Greater Bualuang, Gulf of Thailand; North Kutei, Indonesia; and Greater Kerendan, Indonesia. In each of these areas the Group has a material, operated position and a detailed understanding of the petroleum systems of the basin.