The 31-THX-1X well has been drilled to a total true vertical depth of 2,103mt without encountering significant hydrocarbons in the target reservoir sections. Following the completion of wire-line logging operations, the well has been plugged and abandoned as a dry hole and the rig is currently being towed off location.
Salamander entered into a farm out agreement with Origin Energy last year, which resulted in the company retaining an operated 35% interest in the Block 31 PSC.
James Menzies, chief executive of Salamander, said: “With an intensive exploration program, we expect some dry holes. Nevertheless, we are disappointed that drilling in this frontier basin has not offered more encouragement. Salamander’s drilling campaign will be moving on to the proven Kutei basin, offshore East Kalimantan, Indonesia.”
