Premier reports production increase
Thursday, March 21 2013 - 09:29 AM WIB
Premier Oil announced on Thursday that in 2012, the UK oil and gas firm-operated Natuna Sea Block A sold an overall average of 217 bbtud (gross) from its gas export facilities, a 35 percent increase from 161 bbtud the year before.
Premier said in its latest report that the increase in production was mainly due to a full-year of production from the new Gajah Baru facility and the established Anoa field. Overall, production from Indonesia was up substantially to 14,200 boepd, as against 11,450 boepd in 2011, on a working interest basis.
The Anoa facility continued to increase its market share of sales under the first gas sales agreement delivering 7.5 percent over its contractual market share of 36.9 percent. In addition, three Anoa development wells were drilled and put on production in 2012, adding 36 mmscfd of gas deliverability.
The non-operated Kakap block contributed a further 33 bbtud (gross), from 42 bbtud in 2011.
The Pelikan and Naga projects, also on Block A, were sanctioned in April 2012 and are now in full execution mode. The contract for the engineering, procurement, construction and installation of two wellhead platforms and connecting pipelines was awarded in May 2012.
The two projects will involve drilling six new development wells to develop an expected 150 bcf of gas reserves. First gas will be delivered in 2014 to supply existing Indonesia and Singapore sales contracts.
Editing by Dadan Wijaksana