Salamander Energy plc announced 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 million barrels of oil equivalent 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 (400' ILC) jackup rig that is under long term contract to the Group and recently concluded a short drilling program 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 program.
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 program, which will lead to a sharp rise in production from the Bualuang field in 2013.
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