Salamander & PetroVietnam in Cuu Long Basin Exploration Deal

Cuu Long Basin, Vietnam
(Click to Enlarge)
Salamander Energy has signed a Production Sharing Contract with PetroVietnam for the exploration of the Cuu Long River Delta Block Number One (DBSCL1). Salamander is the operator with 100% working interest.

The contract was signed in Hanoi at a ceremony with representatives of the Vietnamese Government, the British Ambassador to Vietnam, PetroVietnam and Salamander Energy all in attendance.

The DBSCL1 represents Salamander's first exploration interest in Vietnam. The contract covers 8,300km of offshore, onshore, shoreline and river delta in the southern provinces of Tra Vinh, Soc Trang and Bac Lieu. Salamander intends to embark on a seismic acquisition program in 2007 ahead of an exploration drilling program in 2008.

The Cuu Long Delta was first explored in 1970's when PetroVietnam drilled three shallow onshore wells following seismic studies in 1976.

Commenting on the contract, Salamander Energy's Chief Executive James Menzies said: "We are delighted to agree terms with PetroVietnam to explore the Cuu Long River Delta Block Number One. This is a very exciting prospect and bares many structural similarities to the highly productive Cuu Long Basin. We look forward to working alongside PetroVietnam and the local communities on an extensive exploration program and hope that this will be the first of many ventures that Salamander undertakes in Vietnam over the coming years."

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

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Project Manager, USA
Expertise: Project Management
Location: United States
Financial Analyst - Finance and Investor Relations
Expertise: Accounting|Financial Analyst|Legal
Location: Dallas, TX
Executive Protection Coordinator
Expertise: Risk Management|Security
Location: TX
search for more jobs

Brent Crude Oil : $50.8/BBL 0.47%
Light Crude Oil : $47.97/BBL 0.56%
Natural Gas : $3.08/MMBtu 0.98%
Updated in last 24 hours