Salamander Energy, the upstream oil and gas company focused on Thailand and Indonesia, has announced a successful appraisal of the Tutung gas-condensate discovery in Indonesia.
The firm drilled the Tutung Alpha-3 (TA-3) well to a depth of 3,351 metres and found stacked sequences of deltaic sandstones in the target section. These sandstone intervals were evaluated using logging while drilling log data and wire-line pressure testing and gas and fluid sampling. Sandstones within the target formation were found to be gas-bearing, and individual units of up to 15 metres gross thickness were encountered.
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
-
Review: Eden Roc Cap Cana – fun, sun and golf in the CaribbeanTravel Eden Roc Cap Cana in the Dominican Republic offers everything from relaxing by the pool to a world-class golf course
-
Reeves delays cash ISA reform, but savers are not out of the woods yetThe chancellor has reportedly delayed plans to cut the cash ISA limit, which were set to be announced at Mansion House on 15 July, and will take more time to consult with the industry
