Premier updates Indonesian projects

The following is an edited excerpt taken from Premier Oil?s Interim Management Statement released on Tuesday on its Indonesian operations. (ed)

Natuna Sea Block A (Premier 28.67%, operator)

Good progress continues to be made on the Gajah Baru project ahead of first gas expected by October 2011. Development drilling operations commenced on 23 September, and the Central Processing Platform construction is progressing to schedule. EPCI for the Onshore Receiving Facility is ongoing ahead of schedule. Overall, the project was 71% complete as at end October.

A tender process is under way for the FEED for the future Pelikan and Naga developments on Natuna Sea Block A. A contract for the geophysical and geotechnical survey work for the pipeline routing and the platform locations has already been awarded and the work will start this month.

Block A Aceh (Premier 41.67%)

On 28 October, the PSC extension for Block A Aceh (formerly known as North Sumatra Block A) was signed by the joint venture partners, the Government of Aceh, BPMIGAS and the Indonesia Minister of Energy and Mineral Resources. The development process can now move forward, and invitations to tender for the EPCI contract will be issued shortly. First gas is expected in 2013. (end of edited excerpt)