Premier Oil updates Indonesian ops
Thursday, July 15 2010 - 10:08 AM WIB
PRODUCTION
In Indonesia, continued high gas demand from Singapore is supported by strong production from Anoa, which delivered 42% of the West Natuna Gas sales during the first half, above its contractual share of 37%.
| ? | Estimated 1H 2010 production (by interest) (kboepd) | Full year 2009 (kboepd) |
| Anoa (28.67% interest, operator) | 8.9 | 8.8 |
| Kakap (18.75% interest) | 2.4 | 2.2 |
| Total | 11.3 | 11.0 |
| ? | ||
| Average gas price ($/MCF) | 1H 2010 | 1H 2009 |
13.8 |
8.9 | |
DEVELOPMENT PROJECTS
Gajah Baru-Natuna Sea Block A (Premier 28.67%, operator)
As at 1 July, the Gajah Baru project in Indonesia was 58% complete. Wellhead platform and jacket installation will take place in September and first production is on schedule for October 2011.
Anoa field-Natuna Sea Block A (Premier 28.67%, operator)
Elsewhere on Block A, the Pelikan and Naga developments have been accelerated by two years to meet increased projected gas demand in Singapore with production start up planned for 2013 and 2014 respectively.
North Sumatra Block A (Premier 41.67% interest)
In North Sumatra, discussions continue regarding the PSC extension to be awarded by the Government of Indonesia. The operator is confident that award will take place before the end of the year, although the continued delay poses a risk to the anticipated 2012 production start-up previously forecast.
EXPLORATION AND APPRAISAL
The Gajah Laut Utara well on the Tuna block in Indonesia is anticipated to spud in early November. The Benteng prospect on the Buton block, also in Indonesia, will be drilled at the end of the year.
Other exploration drilling in 2011 now being planned includes two near-field wells on the Natuna Sea Block A in Indonesia, the first of which will be drilled in the second quarter, and the second well on the Tuna block, drilling the Belut Laut prospect. (end of edited excerpt)