South East Asia-focused Salamander Energy announced Monday that it has spud the Bualuang Far East-1 exploration well in Block B8/38, Gulf of Thaland.
The Bualuang Far East prospect is located approximately 4 miles to the northeast of the Bualuang oil field. The Far East-1 well will be drilled to a total vertical depth of 4,765 feet (1,452 meters) subsea. The primary target is the T5 Miocene sandstones with secondary targets comprising an underlying Permian-age Ratburi carbonate and a T4 Miocene sandstone stratigraphic trap. The main T5 objective has potential mean recoverable resources of 20 million barrels of oil.
The well will be drilled by the Ensco-53 (300' ILC) jack up rig and is expected to take approximately 20 days to complete.
Salamander has a 100% interest in, and is the operator of, the B8/38 production license. This contains the Bualuang oil field and East Terrace oil discovery.
As well as its assets in Thailand, the firm has assets in Indonesia – at North Kutei and Greater Kerendan.
Last Thursday, Salamander announced it had signed a rig-sharing agreement for the Ocean General (mid-water semisub) rig to be used in its upcoming drilling campaign at North Kutei.
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