FTSE 250 oil and gas group Salamander Energy has announced the spudding of the Bualaung B8/38-8 (NW-1) well, making the start of its exploration campaign in the Greater Bualuang area, offshore Gulf of Thailand.
The well is testing one of a number of fault terraces to the north west of the Bualuang oil field. Salamander has identified a resource potential of 10-15m barrels of oil (MMbo) in a cluster of prospects to the north of the field.
The firm said: "B8/38-8 (NW-1) is expected to be a 14 day well and is the first of two exploration wells that are currently envisaged as part of the immediate programme."
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