Salamander Energy plc announced that it has signed Production Sharing Contracts (PSC) for the Northeast Bangkanai and West Bangkanai license areas, onshore central Kalimantan, Indonesia. Salamander is the operator of both PSCs with a 100-percent working interest.
Each PSC covers an area of approximately 2,124 square miles (5,500 square kilometers) and both are located in the vicinity of the Salamander-operated Bangkanai PSC containing the Kerendan gas field development. These new PSCs increase the Group's position in one of its core areas and represent a large tract of additional acreage that will provide further growth opportunities around the Kerendan gas field.
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