Salamander to share rig in Indonesia
Oil firm Salamander Energy has entered into a rig sharing agreement with three other companies for its drilling campaign in the North Kutei basin, East Kalimantan, Indonesia.
Oil firm Salamander Energy has entered into a rig sharing agreement with three other companies for its drilling campaign in the North Kutei basin, East Kalimantan, Indonesia.
The rig sharing consortium has contracted the semi-submersible rig Ocean General, owned by a subsidiary of Diamond Offshore Drilling. The rig will be on contract to the consortium from July 1st.
Salamander has committed to drill the South Kecapi, South Kecapi side-track, North Kendang and Bedug prospects and has an additional four option well slots under the contract to allow follow up drilling in the event of success. It is estimated that drilling in the Company's North Kutei acreage will commence in the fourth quarter of 2012.
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
-
December 2023 NS&I Premium Bond winners - check now to see what you’ve won
If you hold money in NS&I Premium Bonds, you can check from today (2 December) to see if you have won in the December prize draw. Here’s how to check.
By Vaishali Varu Published
-
OpenAI – corporate drama unleashed
OpenAI, the firm behind ChatGPT, was in uproar as its boss was booted out, briefly snapped up by Microsoft and then brought back again.
By Dr Matthew Partridge Published