Premier Oil updates Indonesian ops
Thursday, November 13 2008 - 09:49 AM WIB
Natuna Sea Block A ( Premier Operator, 28.67% interest)
A four-well work over programme has added 300 bopd (net) to Anoa oil production in 2008. The plan for 2009 includes two workovers on the Eastern Lobe structure, three new gas producing wells on the West Lobe structure and a horizontal oil development well in an unexploited fault block. In total, the programme is targeting an additional 100 BBtud of gas deliverability and up to 2,000 bopd (gross).
Development Projects-Gajah Baru
In October Premier announced the signing of the fully-termed Gas Transportation Agreement for gas deliveries from Indonesia to Singapore, providing contractual rights to transport gas. This agreement was a condition of the Gas Sales Agreement signed earlier in the year. Further Gas Transportation Agreements for the gas deliveries to the two Batam gas customers are expected by year end.
The majority of long lead items are now committed and EPCI award is expected before year-end. First gas is targeted for the fourth quarter of 2010.
Kakap Block (Premier 18.75% interest)
On the Kakap field, new subsea tie-ins are planned, including the Lukah discovery.
North Sumatra Block A (Premier 41.67% interest) - Alur Siwah and Alur Rambong
FEED studies commenced in July and are expected to complete by year-end. The joint venture is in discussions with Indonesian government authorities regarding the profit-share split and gas price- the net economic impact is expected to be neutral. The drilling rig tendering process for 2009 development drilling is under way.
Deliveries to PLN, the Indonesian state electricity company, are scheduled to commence in 2010, with deliveries to the PIM fertilizer plant expected to commence in mid-2011.
A Heads of Agreement between the Block A partnership and the neighbouring Block B joint venture partners, to allow gas to be transported to customers through the Arun pipeline infrastructure, is expected to be signed shortly.
A well work over programme is under way on the Tualang and Iee Tabeue oil fields with a rig having arrived on location earlier this month, following site and access reclamation and preparation.
Tuna Block (Premier Operator, 65% interest)
The 2D seismic programme on Tuna was completed in October. The rig contract for a two-well drilling programme on the block is still subject to government and partner approvals.
A well is planned to be drilled in the second quarter of 2009 to target the Lama formation beneath the producing Anoa field. The Lama formation has not been drilled on Natuna Sea Block A to date, but oil has been discovered in this formation on the neighbouring Kakap block. A successful result would open up a new exploration play across much of Natuna Sea Block A.
Buton Block (Premier 30% interest)
Seismic and other studies on the Buton block are under way; seismic acquisition is scheduled to complete by the beginning of 2009. (end of excerpt)
| Premier's 2009 Firm Programme | ||||
| Country | Well | Estimated Timing | Licence Interest | Prospect Size (Gross) |
| Indonesia | Tuna - Gajah Laut Timur | 3Q | 65% | 280 mmbbls |
| Anoa-Deep | 4Q | 29% | 30 mmbbls | |