26 Jan 2021 07:00
Premier Oil plc
"Premier" or the "Company"
Completion of Tuna farm down
26 January 2021
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.
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.
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.
Premier remains operator of the Tuna PSC, with the Company and Zarubezhneft each having a 50 per cent interest in the licence.
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 |
PMO.L (PMO)