Salamander Energy: Bualuang production resumes
- Business & Finance
Salamander Energy has repaired the damaged risers, and resumed production from its Bualuang field.
To remind, the production from the field, located in the Gulf of Thailand, was stopped after the Rubicon Vantage FPSO damaged the risers when it drifted into the exclusion zone designed to protect the production infrastructure. The accident occurred during bad weather in early 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.
Salamander Energy is an independent upstream oil and gas exploration and production company listed on the main market of the London Stock Exchange. 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.
February 13, 2014