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.
+ 44 (0)20 7432 2680
James Menzies, Chief Executive Officer
Geoff Callow, Head of Corporate Affairs
+44 (0)20 7404 5959
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.