Salamander Energy plc began its multi-well exploration program in Block G4/50, Gulf of Thailand.
The first well in the program, G4/50-4, spudded on June 27 and is being drilled on the Rayong prospect. Rayong is located in the north east of the block in the Central Kra sub-basin. G4/50-4 is targeting oil in Miocene sandstones and Permian Ratburi carbonates that are estimated to contain between 20MMbo and 50MMbo of prospective recoverable resource with the key risk being identified as access to hydrocarbon charge.
The G4/50-4 well will be drilled to approximately 2,000m total vertical depth subsea using the Atwood Mako jackup rig and is expected to take around 21 days to reach target depth. On completion of the G4/50-4 well the rig will move to drill the Surin prospect in the Central Western sub-basin.
Block G4/50 covers over 5,800 sq km and contains five sub-basins, four of which have a proven oil source. Over 60 prospects have been mapped on 3D seismic containing mean prospective recoverable resources in the 20 MMbo - 150 MMbo range.
The company said it plans to drill six exploration wells in G4/50 during 2013 with further exploration drilling to follow in 2014.
Salamander has a 100% operated interest in Block G4/50 which surrounds the B8/38 Production Licence, which contains the Bualuang oil field.
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