By OGJ editors
HOUSTON, July 2 -- Salamander Energy, an independent focused on Southeast Asia, has signed a production-sharing contract with PetroVietnam Exploration & Production Co. for exploration of Cuu Long River Delta Block 1 (DBSCL1) in the Cuu Long basin off eastern Vietnam.
Salamander plans to begin a seismic acquisition program on the block this year ahead of an exploration drilling program slated for 2008.
DBSCL1 covers 8,300 km of offshore, onshore, shoreline, and river delta in the southern provinces of Tra Vinh, Soc Trang, and Bac Lieu. The block is Salamander's first exploration interest in Vietnam.
The company said the prospect has many structural similarities to the highly productive Cuu Long basin, which was first explored in 1970s when Petrovietnam drilled three shallow onshore wells following seismic studies in 1976.
Salamander is block operator and holds 100% interest.
