Production Resumes at Bualuang Field in Gulf of Thailand
- Business & Finance
Salamander Energy repaired the damaged risers at the Bualuang field and production has resumed.
Production from the Bualuang oil field had been temporarily shut in due to damage inflicted on the risers during bad weather in January.
The Company also informed that it has reached an agreement for a new, two year sales contract for Bualuang crude. The agreed pricing is set at a small discount to Dubai benchmark and reflects an improved price relative to the previous agreement. The new price will be backdated to 1st January 2014.
Press Release, February 19, 2014