Hess, Premier take chance on Cherry

Exploration drilling has started on the Cherry prospect in Egypt’s North Red Sea block 1 concession.

Jan. 13, 2011

Offshore staff

LONDON -- Exploration drilling has started on the Cherry prospect in Egypt’s North Red Sea block 1 concession.

This follows Premier Oil’s recent agreement to farm into the concession, operated by Hess.

Premier expects to issue results of the well by end-March.

01/13/2011