Salamander Energy plc announces the spud of a new well in its exploration campaign in Block G4/50, Gulf of Thailand.
The G4/50-5 exploration well is targeting the Surin prospect, located in the north west of the block in the Western Central sub-basin. G4/50-5 is targeting oil in Miocene sandstones and is estimated to contain mean prospective recoverable resources of 16 MMbo with access to hydrocarbon charge being identified as the key risk. Exploration success at Surin would open the play in the Western Central sub-basin and de-risk the neighbouring Ayutthaya and Buriram prospects.
G4/50-5 will be drilled to approximately 2,125 metres total vertical depth sub-sea using the Atwood Mako jack-up rig and is expected to take around 10 days to reach target depth. On completion of the G4/50-5 well the rig will return to the Bravo platform to continue the development drilling campaign on the Bualuang field.
[mappress] Press Release, July 29, 2013