The company expects to submit a plan of development to the Norwegian Petroleum Directorate later this month. It remains in negotiations with key contractors about costs, with a formal sanction decision required later this year.
West of Shetland in the UK, the tank, jacket, and topsides facilities were installed last year at the Premier-operatedSolan field. However, hookup and commissioning of the facilities have been impacted by bad weather conditions this winter.
Premier is targeting first oil this spring, although timing will depend on progress of the commissioning program. Once both producer wells are onstream, production is expected to reach a peak of around 24,000 b/d.
This year the company plans to drill six offshore exploration wells, including Anoa Deep offshore Indonesia in 2Q, four potentially high-impact wells off the Falkland Islands (starting in March), and the Myrhauk well on the Mandal High play offshore Norway in mid-year.