Premier Oil reports reduced Indonesian H1 net production
Friday, September 16 2005 - 02:12 AM WIB
The company said production was reduced due to a significant maintenance programme at the gas users facilities in Singapore, which took place in the first half of the year. "However, underlying gas demand remained strong despite the fact that the gas price, which is directly linked to the price of Heavy Sulphur Fuel Oil, continued to rise," the company said.
A company official erlier told Petromindo.Com that total gas production from Anoa, which is exported to Singapore's SembCorp. through pipeline is around 170 MMCFD.
The company said the West Lobe development project on the Anoa field continues on schedule and within budget. "By mid-year engineering was nearing completion, all major orders had been placed and fabrication was underway. Negotiations have continued in the period to sell additional discovered but undeveloped gas from block A into the Singaporean market," the company said.
The company said it was preparing for further exploration drillings in Block A. "The 2005 programme is to drill two exploration wells, Macan Tutul-1 and Lembu Peteng-1 during the fourth quarter 2005. Both prospects are targeting a stacked series of oil and gas reservoirs," the company said.
Premier holds a 28.7 percent interest and operatorship in West Natuna Block A, while the other participants, Kufpec of Kuwait, Amerada Hess, and Malaysia?s Petronas hold 33.3 percent, 23 percent, and 15 percent, respectively. In Star Energy-operated Kakap PSC, Premier has 18.75 percent working interest.(alex)