Salamander is operator of the Bualuang production licence that contains the Bualuang oil field.
The field (originally called Pornsiri) was discovered in 1992 and is located in the west of the Gulf of Thailand in water depths of approximately 60 metres. It is approximately 60 km west of the Chevron-operated gas/condensate and oil fields and Pearl Energy-operated Jasmine oil field in the Pattani Trough.
The Miocene age sandstones which form the Bualuang Field reservoir are predominantly lacustrine and fluvial in character with porosities of around 30 per cent and permeabilities of up to 1 Darcy. The Bualuang oil is approximately 27 degree API and has a low gas:oil ratio.
The Bualuang oil field went into production in August 2008 and produces oil from five wells into a 500,000 bbl capacity FPSO. A second phase of development drilling was completed in May 2009. A further phase of development drilling will be completed in H1 2010.
A 3D seismic survey was captured in Q1 2010 and is being processed ahead of 2 exploration wells in H2 2010. One well will target the East Terrace, the other an analogue to the north of the Bualuang field. In the East Bualuang fault terrace which is un-drilled and has gross prospective resource potential of 6 MMboe.
In addition, the BA-11P pilot hole encountered 7m of net pay across three sandshores above the T4 reservoir. At the deeper objective below the T4 reservoir 8m. of net pay was intersected in the T2 sandshores. There are also further prospects analogous to the Bualuang field and the second well will target the North Bualuang prospect.
There will be 2 phases of development drilling and 2 exploration wells in 2010.
| Operator: |
Salamander Energy (60%) |
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| Partners: |
Soco Exploration (Thailand) Ltd (40%) |
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| Expiry: |
23 October 2025 |
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| Gross 2P Reserves: |
22.5 Mmbo (13.5 Mmbo Net) |
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