Salamander Energy PLC First Oil in Tanks of FSO at Bualuang Field (4336P)
August 19 2014 - 1:00AM
UK Regulatory
TIDMSMDR
RNS Number : 4336P
Salamander Energy PLC
19 August 2014
19 August 2014
Salamander Energy plc
("Salamander" or the "Company")
First Oil in Tanks of FSO at Bualuang Field
Salamander announces that first oil has been received in the
tanks of the newly converted Suksan Salamander Floating Storage and
Offtake Vessel ("FSO") at the Bualuang field in the Gulf of
Thailand. This is the culmination of the planned upgrade to the
field's facilities which targets a reduction in operating costs of
up to $25 million per annum.
New power and processing modules were loaded out to the Bravo
platform in the first half of the year. These have been operating
smoothly since hook up and commissioning in May. The FSO arrived on
location in July. Following hook up and commissioning the new FSO
is now fully operational. As well as halving the day rate of the
production vessel, these upgrades double water handling capacity,
increase potential production rates and extend the productive life
of the field.
The Rubicon Vantage Floating Production, Storage and Offtake
vessel will depart the field in the coming weeks.
Salamander Chief Executive James Menzies commented: "We have
upgraded production infrastructure in the Bualuang field on both
time and budget. The new facilities enhance the value of the field,
minimise the risk of future downtime and mean we are well
positioned for the next phase in the field's growth."
Enquiries:
Salamander Energy + 44 (0)20 7432 2680
James Menzies, Chief Executive Officer
Geoff Callow, Head of Corporate Affairs
Brunswick Group +44 (0)20 7404 5959
Patrick Handley
Elizabeth Adams
This information is provided by RNS
The company news service from the London Stock Exchange
END
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