Premier discovers oil at Kuda Laut, Tuna Block

By Romel S. Gurky

UK-firm Premier Oil Plc announced on Monday that the Kuda Laut-1 well in Tuna PSC, which is 65 percent owned by the firm, offshore Natuna Island has discovered 183 feet of net oil-bearing reservoir and 327 feet of net gas-bearing reservoir. Oil and gas samples have been recovered to surface.

Following completion of evaluation operations, the well will be side-tracked to drill the Singa Laut prospect in the adjacent fault block. The results of this side-track are expected in late May and will be incorporated with the results from Kuda Laut to assess the extent of discovered resources at that time.

The remaining 35 percent interest in the block is owned by Mitsui Oil Exploration Company Limited

The firm also said drilling continues at the Ratu Gajah-1 exploration well in the Natuna Sea Block A PSC, with results expected in May. The block is 28.67 percent owned and operated by the firm. The firm?s partners in the block are Kufpec (33.33 percent), Petronas (15 percent), PT Pertamina Hulu Energi (11.5 percent) and PTTEP Netherlands Holding Cooperatie (11.5 percent)

Editing by Johannes Simbolon