Premier to drill Anoa Deep

Premier Oil has issued a tender for a rig to drill development and exploration wells on its West Lobe and Anoa Deep fields offshore Indonesia.

Offshore staff

LONDON --Premier Oil has issued a tender for a rig to drill development and exploration wells on its West Lobe and Anoa Deep fields offshore Indonesia.

The Anoa Deep well, set to spud this summer, will target the Lama formation below the producing Anoa field.

Earlier this month the company also signed an EPCI contract for its Gajah Buru project. Steel for the wellhead platform has already been delivered, with other long-lead items progressing as planned. First gas is scheduled for October 1, 2011.

Offshore Vietnam, the company has scaled back its development plan for the Chim Sao field from two platforms to a single installation, realizing significant cost reductions. Construction work continues in Vung Tau on the (remaining) wellhead platform under an interim EPCI accord.

Premier continues discussions with potential providers of an FPSO for the project. PetroVietnam has issued a participation notice to back-in to 15% of Block 12W, where the development is based, in return for payment of past costs. As a result, Premier's interest in the block will be cut to 31.875%.

05/19/2009

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