Thailand: Salamander Starts Exploration Campaign in Greater Bualuang Area

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.

[mappress]
Press Release, October 22, 2012