Salamander negotiating LoI to secure rig
Friday, May 18 2012 - 04:05 AM WIB
UK independent oil, gas firm Salamander Energy plc reported on Wednesday that it was part of the consortium which has been negotiating a Letter of Intent for Diamond Offshore?s Ocean General semi-submersible rig for its drilling campaign offshore East Kalimantan.
The company plans to use the rig to drill four prospects on its acreage in the North Kutei basin starting in fourth quarter of 2012.
Salamander said it has mapped approximately 20 leads and prospects in the basin. ISIS Petroleum Consultants have completed an independent assessment of the resource potential in the North Kutei basin and estimate that the four most mature prospects contain gross mean unrisked prospective resource of 676 MMboe , or 534 MMboe net to Salamander.
Salamander holds majority operated interests in the Bontang and SE Sangatta PSC?s, located in the North Kutei basin.
Editing by David Mustakim