Far East focused exploration form Salamander says it has struck oil in the latest exploration well in the Gulf of Thailand.
The company, which was left disappointed after finding a water-wet despite in its Rayong prospect last month, said its exploratory well in Block G4/50 of the Surin prospect was now being assessed.
An oil pay of around eight metres was found at the target site, with samples and mapping indicating a column height of up to 20m.
The well, drilled by the Atwood Mako jack-up rig has now been plugged as a discovery.
“The discovery of oil in the Surin fault block, a 25 km step out from the Bualuang field, has proven the access to an oil charge in the Western Central sub-basin, which had been identified as a key risk pre-drill,” said Salamander chief executive James Menzes.
“Resource estimates for Surin are being assessed but this is clearly a positive step in de-risking the neighbouring prospects and in understanding the local petroleum system.”
The well is one of five planned by the company for the second half of 2013.
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