Premier Oil announces discovery on Natuna Sea Block A

UK-based oil and gas company Premier Oil plc announced Thursday a discovery at the Lembu-Peteng I well of Natuna Sea's Block A, which indicates the presence of six gas zones, and one oil zone.

Premier said a test has been completed on two of the gas zones, which has yielded 8.5 mmscf/d of gas plus 580 bpd of high quality condensate. A further test of the oil zone will follow shortly.

The Lembu-Peteng discovery lies approximately 14 km to the East of the producing KH field and there are follow-up prospects on the trend. The well targeted sands in the Arang, Pasir, Intra Barat, and Upper Gabus.

Premier is the operator of West Natuna Block A with a 28.67 percent interest. The other partners in the block are Kufpec (33.33 percent), Amerada Hess (23 percent) and Petronas (15 percent). (Robert)