24-25 Feb, 2011 - Hanoi, VIETNAM
Sheraton Hanoi Hotel
Sheraton Hanoi Hotel
Salamander Energy plc, the Asia focussed independent oil and gas exploration and production company, announces the spud of the Tom Su Lua-1X ('DBSCL01-TSL-1X') exploration well in Block DBSCL-01, in the Vinh Chau Graben system, offshore southern Vietnam.
James Menzies, Chief Executive of Salamander, said:
'The Vinh Chau Graben is a virgin basin that is estimated to contain several hundred million barrels of prospective oil resources. Tom Su Lua-1X is the first in a series of wells that Salamander will operate in the basin in order to explore its oil potential.'
Salamander Energy Plc, a U.K.-based explorer, plans to begin drilling next year in northern Vietnam, seeking to open a new region to production that may allow the country to reverse a decline in oil output.
“There’s an emerging oil play” in the north, Salamander Chief Executive Officer James Menzies said by telephone yesterday from London. “On the Chinese side of the area there’s a field that’s been producing for a long time,” while Petroliam Nasional Bhd. has also made “small discoveries” nearby.
Joining the 13th VOGP in Hanoi from 28-29 October, 2010 ( rescheduled to 24-25 February 2011) is Salamander Energy, that not only explores the oil potential in Southern Vietnam¸ but also plan to open a new region to production in Northern Vietnam next year.
In light of their bid in the North, Salamander Energy will share the Strategies & Investment plan in exploring opportunities in North Vietnam at the 13th VOGP where .
Regional and national majors and investors to assess new changes and challenges in the energy stream in Vietnam.
Click here to take a look at our programme line-up or email nadia@cmtsp.com.sg for more details!
