Pelikan - first gas

PREMIER OIL PLC

("Premier" or "the Company")

Pelikan - first gas

10 March 2015

Premier is pleased to announce that gas production from the Pelikan field in the Natuna Sea Block A offshore Indonesia commenced on 9 March 2015. This follows first gas from the Naga field, also on Natuna Sea Block A, in November 2014. Both projects were brought on-stream to budget. 

Pelikan and Naga will deliver additional reserves into the Singapore and domestic market under the Company's long term gas contracts. Deliverability from the two fields of up to 200 BBtud will allow Premier increased operational flexibility, additional volumes to be supplied to meet growing market share within existing contracts and, when the opportunity arises, to respond to increased Singapore or domestic gas demand.

Premier, with a 28.67 per cent equity stake, operates Natuna Sea Block A on behalf of its partners KUFPEC, Petermina, PTT and Petronas.

Enquiries

Premier Oil plc Tel: 020 7730 1111

Tony Durrant, CEO

Richard Rose, Finance Director

Bell Pottinger Tel: 0203 772 2500

Gavin Davis

Henry Lerwill