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	9/6/2011 - SALAMANDER SELLS STAKES IN PAIR OF LICENSES OFFSHORE INDONESIA
Salamander Energy inked an agreement with Risco Energy Pte Ltd for the sale of its 5% interests in the Offshore Northwest Java (ONWJ) and Southeast Sumatra (SES) PSCs respectively. The cash consideration is $55 million plus working capital adjustments of $1.3 million, with a further deferred cash consideration payable upon the buyer’s participation in any extension of the ONWJ PSC. The ONWJ and SES PSCs came into production in 1971 and are currently in long-term decline. The assets are currently operated by PT Pertamina Hulu Energi (ONWJ) and CNOOC SES Ltd. (SES). The PSCs are currently in their second extension phase, and are due to expire in January 2017 (ONWJ) and September 2018 (SES). James Menzies, Chief Executive, Salamander Energy, said, “We have realized excellent full cycle returns on the investment in these mature assets, and this is a timely moment for exit. The strategic motivation for this deal is to re-deploy capital from declining assets into operated, material growth projects where Salamander has influence.”

Other Briefs in this Issue

	9/8/2011 - WOOD GROUP KENNY SECURES PROJECT MANAGEMENT CONTRACT FOR BP QUAD 204 (United Kingdom)

	9/8/2011 - (Abu Dhabi)

	9/6/2011 - 232 PLATFORMS, 24 RIGS REMAIN EVACUATED DUE TO LEE (GoM)

	9/6/2011 - OGX CONDUCTS DRILL STEM TEST ON WELL 1-OGX-47-RJS (Brazil)

	9/6/2011 - CAMERON ACQUIRES TWO LETOURNEAU TECHNOLOGIES DIVISIONS (Houston)

	9/6/2011 - BUCCANEER ACQUIRES GSF ADRIATIC XI FOR COOK INLET WORK (Alaska)

	9/6/2011 - BOEMRE REVEALS NEW TOOLS TO AID OPERATORS WITH DEVELOPMENT, PERMIT APPLICATIONS (New Orleans)

	9/6/2011 - SARATOGA RESOURCES COMMENCES PRODUCTION FROM MAIN PASS 46 FIELD (GoM)

	9/6/2011 - PEOPLE ON THE MOVE (Brazil)

	9/6/2011 - PEOPLE ON THE MOVE (Canada)

	9/6/2011 - GSP PRINCE MOBILIZES FOR SOUTH STREAM PIPELINE PROJECT (Black Sea)

	9/6/2011 - COBALT INTERNATIONAL SPUDS CAMEIA PROSPECT OFFSHORE ANGOLA (Angola)

	9/6/2011 - SOLSTAD OFFSHORE, OCEAN INSTALLER SIGN CONTRACT FOR NORMAND CLIPPER (Norway)

	9/6/2011 - DET NORSKE SUBMITS PDO FOR JETTE FIELD (Norway)

	9/6/2011 - WELL 6407/5-2S STRIKES SMALL GAS DISCOVERY IN CORTINA TARGET (Norway)

	9/6/2011 - LUNDIN’S SECOND AVALDSNES APPRAISAL CONFIRMS FIELD EXTENSION (Norway)

	9/6/2011 - ODFJELL INKS MANAGEMENT AGREEMENT FOR ISLAND INNOVATOR (Norway)

	9/6/2011 - SHELL DIVESTS STAKE IN NORWAY’S GASSLED JV (Norway)

	9/6/2011 - ANTRIM SUBMITS FINAL FDP FOR CAUSEWAY DEVELOPMENT (United Kingdom)

	9/6/2011 - PETROFAC GRABS CONTRACTS BY GDF SUEZ (United Kingdom)

	9/6/2011 - STATOIL WRAPS-UP EXPLORATION WELL 16/7-10 (Norway)

	9/6/2011 - GSP EXPANDS FLEET WITH TWO JACKUPS (United Kingdom)

	9/6/2011 - NPD GREENLIGHTS GDF SUEZ WELL 7124/4-1S (Norway)

	9/6/2011 - ROCKSOURCE TO SPUD 6608/11-7S WITH BORGLAND DOLPHIN (Norway)

	9/6/2011 - SEVEN ATLANTIC HEADS FOR ETTRICK IN SEPTEMBER (United Kingdom)

	9/6/2011 - BMT CORDAH TO SUPPORT DECOMMISSIONING OF MURCHISON AND NINIAN NORTHERN (United Kingdom)

	9/6/2011 - BREAGH, CLIPPER SOUTH MOVING AHEAD ON-SCHEDULE (United Kingdom)

	9/6/2011 - FOSTER WHEELER TO SUPPORT TO KARSTO DEVELOPMENT PROJECT (Norway)

	9/6/2011 - MAERSK TAPS NORTHERN OFFSHORE FOR ENERGY ENHANCER (Denmark)

	9/6/2011 - AGR GROUP EYES NEW TECHNOLOGY, GROWTH STRATEGY (Norway)

	9/6/2011 - ROSNEFT, EXXONMOBIL INK GLOBAL COOPERATION AGREEMENT (Russia)

	9/6/2011 - FEED, 3D SEISMIC WORK GREENLIGHTED FOR GALOC PHASE II (The Philippines)

	9/6/2011 - ATWOOD OCEANICS RIGS TO SPIN DRILLBIT FOR APACHE (Australia)

	9/6/2011 - SALAMANDER SELLS STAKES IN PAIR OF LICENSES OFFSHORE INDONESIA (Indonesia)

	9/6/2011 - FLUOR HIGHLIGHTS MALAMPAYA KICK-OFF CEREMONY (The Philippines)

	9/6/2011 - CAT BA-1X NOT COMMERCIAL SAYS SALAMANDER ENERGY (Vietnam)

	9/6/2011 - INTERMOOR COMPLETES PRE-LAY MOORING CONTRACT FOR PTSC (Vietnam)

	9/6/2011 - BP ACQUIRES 30% STAKE IN 21 RELIANCE INDUSTRIES PSCs (India)