Finance & Investing
News Services
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy


Salamander Begins Drilling Program in Gulf of Thailand

change text size

Bualuang field
(Click to Enlarge)

Salamander has revised its estimates of recoverable reserves on the Bualuang oil field following analysis of the field’s performance and modeling of the individual wells. The company said proved reserves at the field more than doubled to 14.6 million barrels of oil, while proved and probable reserves were up to 27 million barrels. Furthermore, the operator stated it plans to further explore the B8/38 license, which contains the Bualuang oil field along with a number of prospects.

Salamander plans to further develop the Bualuang field, as well as test the exploration potential. The Ocean Sovereign jackup was contracted until the end of the June 2011 and is preparing to spud the first well in a program of six development wells. This current phase of development drilling is forecasted to increase daily production rates to 11,000 bopd. The operator also reported that through optimized development drilling, it plans to deliver 15,000 bopd in 2013 from the Bualuang field alone. The Bualuang oil field is located in Block B8/38 offshore Thailand in 197 feet (60 meters) of water. Salamander Energy serves as the operator of Bualuang with a 100% interest in the field.

continue reading the full article

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Most Popular Articles
From the Career Center
Jobs that may interest you
Maintenance Mgr-Rotating Equipment
Expertise: Drilling Engineering
Location: Lake Charles, 
Commissioning Mgr
Expertise: Drilling Engineering
Location: Houston, 
Project Administrator
Expertise: Drilling Engineering
Location: Houston, 
search for more jobs