Premier declares Singa Laut-1 a successful well

By Romel S. Gurky

British firm Premier Oil Plc announced on Wednesday that the Singa Laut-1 well in Tuna PSC offshore Natuna Island has penetrated 177 feet of net gas-bearing reservoir quality sands within the targeted Oligocene sequence. Gas gradients have been measured and gas samples recovered. The gas appears to be of similar quality to the liquids rich gas found in the adjacent Kuda Laut well.

The Singa Laut-1 well will now be plugged and abandoned as a successful exploration well. Appraisal drilling to further assess the combined Singa Laut and Kuda Laut oil and gas resources is targeted for 2015, the firm said in a statement.

The Ratu Gajah-1 well in the Natuna Sea Block A PSC penetrated the targeted deep Lama section with gas shows. Whilst sandstone quality is low, a DST is being performed to demonstrate movable hydrocarbons.

?Integration of this well result into our basin modeling has allowed us to identify significant thicker sands in this play at the basin margin,? the firm said, adding that after the DST results, the immediate follow up for the play will be the appraisal of the Anoa Deep discovery in early 2015 and the high grading of other prospects in the Lama play which have a gross prospective resource in excess of 1.5 TCF.

Andrew Lodge, Exploration Director, commented:?We are pleased that the Singa Laut discovery has increased our gross resource estimate on the Tuna Block to a potential 100 mmboe, that Ratu Gajah has provided further valuable information about the Lama play.?

Tuna PSC is operated, 65 percent owned by Premier. The remaining 35 percent stake belongs to Mitsui Oil Exploration Company Limited

Editing by Johannes Simbolon