Origin farms into Salamander-operated blocks

Origin Energy is farming into two offshore Vietnam exploration blocks operated by Salamander Energy.

Offshore staff

ADELAIDE, Australia -- Origin Energy is farming into two offshore Vietnam exploration blocks operated by Salamander Energy. Under the agreement, Salamander will also have the option to acquire an interest in one exploration block currently operated by Origin in Southeast Asia.

The companies are scheduled to drill two exploration wells on the blocks in June 2010. 

PSC/ConcessionFarm-in activitySalamanderOrigin
Block 31 PSC (Vietnam)the drilling of two wells35% (operator)25%
DBSCL-01 PSC (Vietnam)the drilling of one well75% (operator)25%

Transaction completion is subject to final farm-in agreement terms, joint venture, host government, and regulatory approvals.

12/04/2009

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