26 Jan 2021 07:00
Premier Oil plc
"Premier" or the "Company"
Completion of Tuna farm down
26 January 2021
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Premier is pleased to announce that it has completed the farm down of its interest in the Tuna PSC, offshore Indonesia to Zarubezhneft. This follows receipt of Indonesian government approval.
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Under the farm down agreement, Zarubezhneft will carry Premier for its share of a two well campaign to appraise the Tuna discoveries, scheduled to commence in the second quarter of this year.
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In addition, Premier and Zarubezhneft have also secured Indonesian government approval for a one year extension to the exploration period of the Tuna PSC to March 2022.
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Premier remains operator of the Tuna PSC, with the Company and Zarubezhneft each having a 50 per cent interest in the licence.
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Enquiries Premier Oil plc Richard Rose, Interim Chief Executive, Finance Director Elizabeth Brooks, Head of Investor Relations | 020 7824 1116 |
Camarco Billy Clegg Georgia Edmonds | 020 3757 4983 |
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