Premier expects FID on BIGP gas fields in Q1 2017
Friday, November 18 2016 - 01:02 AM WIB
British firm Premier Oil Plc said on Thursday that a final investment decision (FID) on the Bison, Iguana and Gajah Puteri (BIGP) gas field developments in the Natuna Sea Block A PSC, offshore Natuna Island, is targeted for the first quarter of 2017.
The company said in a statement that the projects will support Premier?s existing long term gas contracts into Singapore and Indonesia.
The statement also said that production was also robust from Premier?s Indonesian assets which delivered 14.0 kboepd, underpinned by Natuna Sea Block A capturing an increased market share of 45 percent (compared to 43% in 2015) within gas sales agreement (GSA) 1 and strong Singapore demand for gas deliveries under GSA2.
Natuna Sea Bock A PSC is operated and 65 percent owned by Premier with the remaining 35 percent owned by Mitsui Oil Expl. Co.
Editing by Reiner Simanjuntak