Premier reports robust output from RI assets
Thursday, November 16 2017 - 01:42 PM WIB
British firm Premier Oil Plc reported Thursday a robust gas output of 14.0 kboepd from its Indonesian assets in the January-October period of this year, the same output level as in the same period of last year.
?Production was also robust from Premier?s Indonesian assets which delivered 14.0 kboepd, with Natuna Sea Block A capturing a market share of 49 percent of GSA1 deliveries, against a contractual market share of 47 percent,? the company said in a statement, referring to the Gas Sales Agreement-1.
Premier said that the recent Anoa development well (WL-5X) was brought on production in August and is producing at 20-25 mmscf/d, helping to confirm and define the potential of the deeper Lama zones within the Anoa field.
Elsewhere, Bison, Iguana and Gajah Puteri (BIGP) development project in Natuna Sea Block A is proceeding well. The Indonesian Government formally approved the project in October and all major contracts have now been awarded.
Premier said is targeting first gas from the BIGP project in 2019 to backfill our existing Singapore and domestic market contracts.
Natuna Sea Bock A PSC is operated and 65 percent owned by Premier with the remaining 35 percent owned by Mitsui Oil Expl. Co.
Editing by Reiner Simanjuntak