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 houses for sale with annexesThe best houses with annexes – from a period property in the Lake District to a 13th-century house with a two-bedroom annexe in Saltwood, Kent
-
Zelenskyy moves to appease Donald Trump – what happens now?Ukraine’s president Volodymyr Zelenskyy is conceding ground to secure the least-worst deal possible, says Emily Hohler
