Salamander Sees First Production of Crude Offshore Thailand

Salamander Energy disclosed Wednesday that first production of crude from the Bualuang Bravo platform – on its operated block B8/38 – in the Gulf of Thailand started Dec.14.

BB-04H, the company's maiden horizontal well, was drilled and completed with the Atwood Mako (400' ILC) jackup. The well is currently cleaning up and will produce at its planned rate of 1,500 barrels of oil per day (bopd). Atwood Mako is now drilling BB-10H, the second development well, from the Bravo platform.

At present, the Bualuang field is producing at over 8,300 bopd. Salamander noted that as it progresses with the drilling of an additional 15 development wells, the production rate from Bualuang could rise to 11,000 bopd to 14,000 bopd.

In a separate statement Wednesday, the company revealed that it has inked two new borrowing facilities, totaling $350 million to fund its gas development in the Kerendan field,offshore Indonesia. The field – which contains 280 billion cubic feet of certified resource – is being developed to support the company's gas sales agreement to local power stations.
 



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