Salamander Energy has started drilling the Bualuang Far East-1 (FE-1) exploration well in Block B8/38, in the Gulf of Thailand.
The well will be drilled by the Ensco-53 jack-up rig and is expected to take around 20 days to complete.
Salamander has a 100% interest in, and is the operator of, the B8/38 production licence. This contains the Bualuang oil field and East Terrace oil discovery.
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
JH
-
8 of the best converted properties for sale nowThe best converted properties for sale – from an apartment in the former Hartley’s Jam factory on London’s Southbank, to a converted 18th-century mill in Itteringham, Norfolk
-
How taking a two-year career break could leave a £26k hole in your pensionCareer breaks are increasingly common but it is important to take steps to protect your pension, as gaps compound over time
