Release: Salamander: Spudding of Angklung-1 exploration well
Tuesday, October 5 2010 - 10:02 AM WIB
(5 October 2010)--Salamander Energy plc, the Asia focussed independent oil and gas exploration and production company, announces the spud of the Angklung-1 exploration well in the Bontang PSC, East Kalimantan, Indonesia.
Salamander holds an operated 100% interest in the Bontang PSC.
The Angklung-1 well will be drilled to a depth of approximately 3200 metres total vertical depth sub-sea and is targeting oil and gas in the Upper Miocene ? Pliocene sandstone reservoirs. The mean gross pre-drill estimate of prospective recoverable resource is approximately 125 MMboe.
The well will be drilled by the Hakuryu 5 semi-submersible rig in a water depth of 290 metres. It is expected to take approximately 40 days to complete on a dry hole basis. (end of release)