Our business strategy is based on applying our competitive strengths to our underlying assumptions on industry direction.
We are prepared for a world in which gas increasingly replaces other energy resources, particularly for power generation, and one in which oil price volatility is to be expected. Our strategy therefore is centred on:
Premier Strikes Oil at Bonneville
Tuesday, April 23, 2013 Both the Bonneville exploration well and its sidetrack in the UK North Sea discover oil, Premier Oil reports.
Huntington Field Starts Production
Monday, April 15, 2013 The Huntington field in the UK North Sea begins production.
Aker Wins Solan Field Contract
Thursday, April 11, 2013 Premier Oil has awarded a contract to Aker Solutions to supply oilfield services to its Solan field in the North Sea.
Lundin Strikes Oil at Luno II
Monday, April 08, 2013 Lundin Petroleum reports that it has made a "potentially significant" oil discovery at its Luno II prospect in the Norwegian North Sea.
Indonesia Awards 14 New Oil, Gas Blocks
Thursday, March 21, 2013 Indonesia's government awards 14 new oil and gas blocks in effort to boost oil production.
Premier On Track for 75,000 Barrels Per Day
Thursday, March 21, 2013 UK independent Premier Oil says it should achieve 75,000 barrels of oil equivalent per day by the end of 2013 once its Huntington and Rochelle fields come on stream.
Lundin Spuds Luno II Well
Tuesday, March 12, 2013 Lundin Petroleum spuds exploration well 16/4-6S, targeting the Luno II prospect, offshore Norway.
Premier Plans 14 Wells in 2013
Thursday, January 17, 2013 Premier Oil plans to drill at least 14 wells this year in an exploration campaign targeting 200 million-plus barrels of oil equivalent.
TWMA Wins UKCS Contract with Premier Oil
Tuesday, December 04, 2012 Drilling services firm TWMA has secured a $3.2 million contract with UK operator Premier Oil.
Two North Sea Well Disappointments for Cairn
Tuesday, November 06, 2012 Both Bardolph and Spaniards East drills fail to find commercial hydrocarbons.
UK Offers Record Number of Blocks in 27th Offshore Licensing Round
Thursday, October 25, 2012 The UK government has made initial offers of 167 production licenses after considering applications made in the 27th offshore oil and gas licensing round.
Faroe Announces Spud of Spaniards East Well
Monday, October 15, 2012 Faroe Petroleum says that drilling of Spaniards East Well in the central North Sea will take 40 days.
Premier Oil Set to Boost Production Further
Thursday, August 23, 2012 After averaging 58,400 barrels per day during the first half, Premier Oil expects its production for the whole of 2012 to average more than 60,000 barrels per day.
UK Oil and Gas Sector Optimistic About Prospects
Wednesday, August 22, 2012 Survey shows that the business confidence among UK oil and gas firms is at a high.
Premier Oil Abandons Chim Sao Appraisal
Friday, August 17, 2012 The Chim Sao North West appraisal well has been plugged and abandoned because there was "no indication of hydrocarbons," reported Premier Oil.
Premier Oil Farms Into Rockhopper's Falklands Licenses
Thursday, July 12, 2012 Premier pays an initial $231 million to Rockhopper for a 60-percent interest in its Falkland licenses.
UK's Premier Strikes Oil on Indonesia's Buton Block
Monday, June 25, 2012 UK-based Premier Oil strikes oil on Indonesia's high-risk Buton Block. The company decides to abandon its Coaster exploration well in the North Sea.
Premier Oil Makes North Sea Discovery with Carnaby Well
Wednesday, June 06, 2012 Premier said that initial analysis revealed its well 28/09-5A encountered 51 feet of net oil pay.
Cairn and Premier Plan to Keep North Sea Busy during Remainder of 2012
Thursday, May 17, 2012 Trading updates from Cairn and Premier confirm plans to develop North Sea fields and drill several new wells in the region.
Nexen Comes Up Dry at Stingray
Thursday, May 03, 2012 Premier announces that the Stingray Exploration well is being plugged and abandoned as a dry hole.