Premier: Indonesia H1 production up 4%

By Romel S. Gurky

British oil and gas firm Premier Oil said that production in the first-half (H1) of this year from Indonesia averaged 14,300 boepd, up 4 percent over the same period of last year.

?This was achieved via strong gas sales from Premier?s operated Natuna Sea Block A into Singapore which increased market share within the principal gas contract GSA1 to 49 percent year to date, against a contractual share of 47 percent,? Premier said in a statement Thursday.

The company said recompletion of the Anoa development well (WL-5X) first drilled in 2012, is underway. The original well discovered productive gas in the Lama Formation but the higher pressure observed required platform modifications to allow gas production through the existing facilities. ?These have been completed and the well is expected to be brought on production in early August,? Premier said.

It added that a successful long-term production test from this well will help to prove up the potential of the Lama Formation and provide Premier with further gas supply from the Anoa field area.

Premier is the operator of the Natuna Sea Bock A PSC with 28.67 percent interest.

Editing by Reiner Simanjuntak