Premier sees Natuna block production in 2023

By Alexander Ginting

UK oil, gas firm Premier Oil plans to bring its Tuna block offshore Natuna in 2023.

According to the company?s presentation recently released, the block is envisaged to produce around 25,000 barrels of oil equivalent per day.

In March 2007, Premier was awarded a 65% operated interest in the Tuna PSC. In April 2014, Premier drilled the Kuda Laut-1 well which discovered 183 feet of net oil-bearing reservoir and 327 feet of net gas-bearing reservoir. The well was then side-tracked to drill the Singa Laut prospect in an adjacent fault block where 177 feet of net gas-bearing reservoir quality sands were penetrated. Evaluation of the potential development scenarios for the 2014 Kuda/Singa Laut discoveries, which are estimated to contain in excess of 100 mmboe, on the Tuna Block remains ongoing, according the company?s website.