Premier?s H1 net production averages 14,700 boepd
Thursday, August 23 2012 - 01:34 PM WIB
UK oil and gas firm Premier Oil announced that overall, average net production from Indonesia amounted to 14,700 boepd during the first half of 2012, as against 10,800 boepd a year earlier, on a working interest basis.
In a presentation, it said that during the first six months of 2012, the Anoa and Gajah Baru fields on the Natuna Sea Block A sold an overall average of 215 billion btud (gross), with the Anoa facility delivering 10 percent over its contractual market share under Gas Sales Agreement 1 at around 47 percent.
The non-operated Kakap field contributed a further 33 bbtud (gross) (2011: 42 BBtud). Gross liquids production averaged 2,600 bopd (2011: 1,700 bopd) from the Block A Anoa field and 4,000 bopd (2011: 3,400 bopd) from Kakap.
The Gajah Baru field, which came on-stream in October 2011, supplies gas to Singapore under a second Gas Sales Agreement (GSA2). The facility performed well during the period, although the build-up of production rates has been slower than anticipated due to end-user project delays.
In addition to being able to meet all of Singapore customer demand under GSA2, the Gajah Baru facility was able to lend gas to GSA1 as required, ensuring an increased reliability of supply of natural gas into Singapore from Natuna Sea Block A.
Premier, in collaboration with the Indonesian state-owned gas regulator, continues to discuss with potential buyers the sale of additional gas (approximately 40 bbtud) from Gajah Baru into the Indonesian domestic market via a swap agreement (GSA5). However, Premier does not expect any gas to be delivered under this swap agreement in 2012.
Editing by Dadan Wijaksana