Salamander Energy: Gulf of Thailand drilling delayed because Ocean Sovereign jackup 'held up'

Source: Salamander Energy

Salamander Energy reports that the Ocean Sovereign jackup rig, contracted for the B8/38 drilling campaign, is currently held up in Johor, Malaysia, while the rig's owner, Diamond Offshore (NYSE:DO), completes its foreign business license paperwork to allow entry into Thai waters. 

Once these administrative issues have been resolved, the rig will be moved to the Bualuang field location for a program of up to three exploration wells and six development wells. 

The first of these will be the Bualuang East Terrace exploration well, which is now expected to spud at the end of this month. This prospect is estimated to contain a mean 7 million barrels of oil (MMbo) with upside potential of 14 MMbo and has a 66% chance of success. 

The Bualuang East Terrace exploration well is located on Salamander wholly owned and operated Block B8/38 in the Gulf of Thailand.

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


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs