Premier’s Far East projects coming together

Premier Oil has release status reports on its operations in the Asia/Pacific region.

Offshore staff

LONDON -- Premier Oil has release status reports on its operations in the Asia/Pacific region. Development drilling is under way at Premier Oil’s Gajah Baru gas development offshore, Indonesia. Construction of the central processing platform is progressing as planned, while the EPCI program for the onshore reception facility is ahead of schedule. Premier expects first gas from Gajah Baru by October 2011.

In Natuna Sea block A, the company has started a tender process for the FEED for the planned Pelikan and Naga developments. Work will start later this month on geophysical and geotechnical surveys for the pipeline routing and platform locations.

Offshore Vietnam, Premier says conversion of the FPSO for the Chim Sáo project is more than 80% complete and the vessel should leave the yard next April. The offshore export pipeline for the gas has been installed, and development drilling is advancing ahead of schedule. First production from Chim Sáo is due next July.

Work continues on the development concept for the Dua field, which will tieback to Chim Sáo. Premier has proposed to its partners that FEED studies should start this month, and a decision on sanctioning the project will be made during the first half of 2011.

Finally, in Vietnamese offshore block 07/03 an appraisal well is planned next year on the Cá Rong Ðo discovery. Premier is also working on well planning, including rig tendering, for an exploration well on block 104-109/05, set to spud during the second half of next year.

11/16/2010

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