Salamander spuds exploration wells in Indonesia
Oil and gas group Salamander Energy has announced that it has started drilling at its Bontang project in the North Kutei basin in Indonesia.
Oil and gas group Salamander Energy has announced that it has started drilling at its Bontang project in the North Kutei basin in Indonesia.
The company has spud its South Kecapi-1 DIR and DIRA exploration wells in the wholly owned and operated project in East Kalimantan.
South Kecapi-1 DIR will be drilled to a depth of around 2,450m total vertical depth sub sea and, once completed, will be sidetracked around 1.5km to the west with the DIRA well being drilled to a depth of around 2,100m TVDSS.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Salamander said that the wells are targeting gas and oil pay in a series of stacked Pliocene-Upper Miocene sandstone reservoirs.
"The combined mean pre-drill estimate of prospective recoverable resources is approximately 275 Bcf and 20 MMbo," the company said in a statement.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Christmas at Chatsworth: review of The Cavendish Hotel at Baslow
MoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
By Dr Matthew Partridge Published
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published