2 Dec 2019 07:00
Premier Oil plc
("Premier" or "the Group")
First Gas from BIG-P, Indonesia
2 December 2019
Premier is pleased to announce that it has achieved First Gas from its operated Bison, Iguana and Gajah Puteri (BIG-P) project in the Natuna Sea Block A offshore Indonesia. The two-year project was delivered on schedule and significantly below budget.
Premier expects BIG-P's recoverable reserves to be in excess of the 93 BCF (gross) estimated at sanction as a result of the successful three-well drilling campaign which encountered additional productive sands.
BIG-P production ties into the existing Natuna Sea Block A infrastructure, also operated by Premier, and supports the Company's long-term gas sales contracts into Singapore.
Tony Durrant, Chief Executive, commented:
"This is further evidence of Premier's ability to execute full cycle projects from exploration through to production. BIG-P increases the deliverability from our operated Natuna Sea Block A enabling us to meet a growing market share within our existing gas contracts."
Enquiries |
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Premier Oil plc | Tel: 020 7730 1111 | |
Tony Durrant, Chief Executive |
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Richard Rose, Finance Director |
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Camarco | Tel: 020 3757 4983 | |
Billy Clegg James Crothers |
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Notes to editors
Premier, with a 28.67 per cent interest, operates Natuna Sea Block A on behalf of Kufpec, Petronas, Pertamina & PTTEP.