Salamander’s environmental impact assessment (EIA) for exploration drilling in the G4/50 license in the Greater Bualuang area in the Gulf of Thailand has been granted conditional approval, according to a press release. Of the 20 drilling locations in the original EIA, 18 have been approved subject to: updating the oil spill response modeling to account for the removal of two potential drilling locations; and communicating the removal of the two locations to local stakeholders. In addition, the Thai authorities have stipulated technical adjustments to the drafting.
The 18 locations include all of Salamander’s top ranked prospects in the G4/50 license, and the company expects to commence exploration drilling before year-end 2014, according to the release.
Recommended Reading
Battalion in Compliance with NYSE American after 2023 Meeting
2024-02-13 - Previously, Battalion Oil was not in compliance with the NYSE after failing to hold an annual meeting of stockholders during the fiscal year ending Dec. 31.
JMR Services, A-Plus P&A to Merge Companies
2024-03-05 - The combined organization will operate under JMR Services and aims to become the largest pure-play plug and abandonment company in the nation.
New Fortress Energy Sells Two Power Plants to Puerto Rico
2024-03-18 - New Fortress Energy sold two power plants to the Puerto Rico Electric Power Authority to provide cleaner and lower cost energy to the island.
Tellurian Executive Chairman ‘Encouraged’ by Progress
2024-03-18 - Tellurian announced new personnel assignments as the company continues to recover from a turbulent 2023.
Kissler: OPEC+ Likely to Buoy Crude Prices—At Least Somewhat
2024-03-18 - By keeping its voluntary production cuts, OPEC+ is sending a clear signal that oil prices need to be sustainable for both producers and consumers.