Salamander Energy Makes Oil Discovery in East Terrace Prospect

29 June 2011 (Last Updated June 29th, 2011 18:30)

Salamander Energy has made a new oil discovery in the East Terrace prospect, offshore Thailand. The prospect was drilled using the Ocean Sovereign jack-up rig located on the Bualuang wellhead platform. The drilling programme covered three new horizontal production wells, two

Salamander Energy has made a new oil discovery in the East Terrace prospect, offshore Thailand.

The prospect was drilled using the Ocean Sovereign jack-up rig located on the Bualuang wellhead platform.

The drilling programme covered three new horizontal production wells, two horizontal sidetracks of existing wells and a pilot hole to test the East Terrace prospect.

Salamander encountered a 35m net oil play within three zones: 6m in the upper T5 sandstone interval, 18m of net oil play in the deeper T4 interval and 11m of net oil play in the lower T3 interval.

Preliminary evaluation of the data from the pressure measurements and fluid sampling evaluations indicate a mid-case estimate of 50 million barrels of oil in-place and a most likely recoverable volume in the range of eight million to 14 million barrels of oil.