Salamander Energy provides the following update on repairs at the Bualuang oil field.  On 8th January the company announced that, due to damage incurred to the risers during bad weather, production from the Bualuang oil field had been temporarily shut in.

Since this date, a full inspection has been completed by divers and replacement riser sections and piping spool materials have been moved to location. Good progress is being made, but following the loss of several working days due to further bad weather, production is now expected to restart in early February.

Development drilling is not impacted by these events, and two new production wells have been drilled and completed since the field was shut-in. These new wells will enter production as operations resume, the net effect being to continue Bualuang’s production expansion.

The Group’s production forecast for 2014 remains unchanged with production expected to average between 13,000 and 16,000 boepd.

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

About Salamander

Salamander Energy is an independent upstream oil and gas exploration and production company listed on the main market of the London Stock Exchange (Ticker: SMDR). The Group is focused on growth assets in and around three core areas: Greater Bualuang, Gulf of Thailand; North Kutei, Indonesia; and Greater Kerendan, Indonesia. In each of these areas the Group has a material, operated position and a detailed understanding of the petroleum systems of the basin.