Salamander seeks cash for offshore Thailand projects

Offshore staff

LONDON – Salamander Energy intends to raise $201 million via a share issues.

If successful, the proceeds will be used on the following:

  • Add platform-based oil processing facilities at the Bualuang oil field in the Gulf of Thailand in order to reduce operating costs and extend the field’s economic life
  • To contract a second rig in the Gulf of Thailand to drill at least six exploration wells, in parallel to the development program to be performed by the Atwood Mako rig

4/27/2012

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...