Premier Oil PLC First Gas from BIG-P, Indonesia (2402V)
December 02 2019 - 02:00AM
UK Regulatory
TIDMPMO
RNS Number : 2402V
Premier Oil PLC
02 December 2019
Premier Oil plc
("Premier" or "the Group")
First Gas from BIG-P, Indonesia
2 December 2019
Premier is pleased to announce that it has achieved First Gas
from its operated Bison, Iguana and Gajah Puteri (BIG-P) project in
the Natuna Sea Block A offshore Indonesia. The two-year project was
delivered on schedule and significantly below budget.
Premier expects BIG-P's recoverable reserves to be in excess of
the 93 BCF (gross) estimated at sanction as a result of the
successful three-well drilling campaign which encountered
additional productive sands.
BIG-P production ties into the existing Natuna Sea Block A
infrastructure, also operated by Premier, and supports the
Company's long-term gas sales contracts into Singapore.
Tony Durrant, Chief Executive, commented:
"This is further evidence of Premier's ability to execute full
cycle projects from exploration through to production. BIG-P
increases the deliverability from our operated Natuna Sea Block A
enabling us to meet a growing market share within our existing gas
contracts."
Enquiries
Premier Oil plc Tel: 020 7730 1111
Tony Durrant, Chief Executive
Richard Rose, Finance Director
Camarco Tel: 020 3757 4983
Billy Clegg
James Crothers
Notes to editors
Premier, with a 28.67 per cent interest, operates Natuna Sea
Block A on behalf of Kufpec, Petronas, Pertamina & PTTEP.
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END
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