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Salamander Awaits Rig Arrival Offshore Thailand

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Salamander provided an operational update on its forthcoming drilling activity in Block L15/50, Onshore Thailand, and Block B8/38, Gulf of Thailand.

Dao Ruang Appraisal, L15/50, Western Khorat, Thailand (50%, Operator)

Mobilization of the MB Century 26 land rig, contracted for appraisal drilling on the Dao Ruang gas discovery, began on Monday 3rd January. The first of the two, back-to-back appraisal wells is expected to spud on schedule, around the middle of this month. Dao Ruang is a 1993 Texaco gas discovery that has potential gross mean resources of 500 Bcf. The two appraisal wells are targeting the fracture network in the Permian carbonate reservoir as mapped on recently acquired high resolution 3D seismic.

Bualuang East Terrace Exploration, Gulf of Thailand (100%, Operator)

The Ocean Sovereign jackup rig, contracted for the B8/38 drilling campaign, is currently held up in Johor, Malaysia, while the rig's owner, Offshore Diamond, completes its foreign business license paperwork to allow entry into Thai waters. Once these administrative issues have been resolved, the rig will be moved to the Bualuang field location for a program of up to three exploration wells and six development wells. The first of these will be the Bualuang East Terrace exploration well, which is now expected to spud at the end of this month. This prospect is estimated to contain a mean 7 million barrels of oil (MMbo) with upside potential of 14 MMbo and has a 66% chance of success.

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