Premier planning more wells offshore Indonesia, Vietnam

Nov. 12, 2020
Premier Oil has secured government and joint venture approvals for an infill drilling campaign next year in the Natuna Sea block A offshore Indonesia.

Offshore staff

LONDONPremier Oil has secured government and joint venture approvals for an infill drilling campaign next year in the Natuna Sea block A offshore Indonesia.

And following a farm-out agreement in September with Zarubezhneft for a 50% interest in Premier’s offshore Tuna PSC discoveries, the two companies are now working on Indonesian government approval for the arrangement and a one-year extension to the PSC through March 2022.

Zarubezhneft is prepared to carry Premier for its share of a two-well appraisal program targeted for mid-2021. The rig procurement process is under way.

Offshore Vietnam, Premier is seeking regulatory approvals for two infill wells on its Chim Sao field in 2022.

In Mexico, the company expects negotiations between the Talos Energy-led block 7 partnership and PEMEX on the Zama field unitization and the development plan to conclude in 1Q 2021.

FEED on the two platforms/FSO scheme is nearing a conclusion, and a final investment decision should follow later in 2021, pending progress on the current talks.

Premier is also building a portfolio of drilling opportunities based on new 3D data sets over its acreage in Mexico and the Andaman Sea off Indonesia.

Drilling campaigns could follow in 2022. The same year, the company aims to drill the stacked Berimbau/Maraca prospect on its operated block 717 offshore Brazil.

11/12/2020