13 Apr 2016 07:00
13 April 2016
Premier Oil plc
('Premier' or the 'Company')
Solan first oil
Premier is pleased to announce that first oil from the Solan field was safely achieved on 12th April 2016.
The first producer well (P1) is being naturally flowed at a deliberately restricted initial rate. It is planned that the well will remain free flowing for a short time after which the ESP (pump) will be turned on.
Following this initial period and, taking advantage of the availability of the Superior Flotel, over which Premier has contractual options until the end of May, Premier intends to carry out a planned production shut down to complete the final commissioning of the water injection plant, the tie in of the second water injection well (W2) and preparation for the tie in of the second producer well (P2).
The Ocean Valiant rig is currently drilling the second producer well (P2y), where 1,500ft of high quality reservoir sands have been intersected and which is expected to be completed and tied-in by mid-year. Production from the field is expected to build up to an anticipated production rate of 20-25 kbeopd in the second half of 2016 when both pairs of producer-injector wells will be on stream.
For further information please contact:
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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Bell Pottinger | Tel: 020 3772 2570 |
Gavin Davis |
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Henry Lerwill |
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