Release: Premier Oil: New exploration licence award
Friday, March 2 2007 - 05:28 PM WIB
(2 March, 2007)- Premier Oil is pleased to announce the award of the Natuna "Tuna" Block offshore exploration licence by the Indonesian Government. Premier will hold a 65% operated equity interest.
The Tuna Block is located adjacent and immediately to the south of Block 7&8/97 in Vietnam in which Premier holds a 45% operated interest, and to the southeast of Blocks 12E/12W in Vietnam where Premier has made the recent significant Dua and Blackbird discoveries.
Simon Lockett, Premier's Chief Executive, commented:
"Premier tracked the geology from its producing Anoa oil field across the Indonesia/Vietnam border into Block 12 last year and made significant oil discoveries. The Tuna Block is an exciting opportunity to leverage our deepening knowledge in this core area. (end of release)