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Premier Oil discovers reservoirs offshore Indonesia

28th April 2014

London-headquartered Premier Oil has announced that the Kuda Laut-1 well in Tuna PSC offshore Indonesia has discovered 56 metres of net oil-bearing reservoir and 100 metres of net gas-bearing reservoir

Premier Oil discovers reservoirs offshore Indonesia
Following completion of evaluation operations, the well will be side-tracked to drill the Singa Laut prospect in the adjacent fault block. The results of this side-track are expected in late May and will be incorporated with the results from Kuda Laut to assess the extent of discovered resources at that time.

Premier Oil has announced that the Kuda Laut-1 well in Tuna PSC offshore Indonesia has discovered 56 metres of net oil-bearing reservoir and 100 metres of net gas-bearing reservoir.  Oil and gas samples have been recovered to surface.

Following completion of evaluation operations, the well will be side-tracked to drill the Singa Laut prospect in the adjacent fault block.  The results of this side-track are expected in late May and will be incorporated with the results from Kuda Laut to assess the extent of discovered resources at that time.

Andrew Lodge, exploration director, commented: “We are very pleased to announce discoveries in both Indonesia and Pakistan, continuing the exploration success we enjoyed throughout 2013. Discovering oil at Kuda Laut is of particular significance and we now look forward to the results of Singa Laut. This is the first of a number of high impact wells Premier plans to drill over the next 12 months.”

Separately, drilling continues at the Ratu Gajah-1 exploration well in the Natuna Sea Block A PSC with results expected in May.

Premier also has non-operating stakes in a number of Asian and African plays.

The K-36 well on the Kadanwari block onshore Pakistan encountered a total net gas pay of 19 metres and flowed at 50 mmscfd through a 64/64 inch choke on test. The well was tied-in to the Kadanwari facilities and has been on production since 16 April.  Operations of the K-34 well on the Kadanwari block are ongoing with results expected in May. 

The Badhra-8 well on the Badhra block onshore Pakistan was plugged and abandoned as a dry hole. Operations at the Badhra South-1 Deep well continue with results expected in May.

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