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.

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.

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