Premier Plans 14 Wells in 2013

Printer Friendly Version
Email this Page

North Sea-focused independent Premier Oil plans to drill at least 14 wells this year in an exploration campaign targeting more than 200 million barrels of oil equivalent of prospective resources, the firm confirmed in an operations update Thursday.

Premier also reported that it estimates its average production for the whole of 2012 was 57,700 barrels of oil equivalent per day (boepd), compared with 40,400 boepd in 2011. The firm also said that it expects to increase its production to between 65,000 and 70,000 boepd in 2013.

Premier Chief Executive Simon Lockett commented in a statement:

"2013 will be a busy year for Premier. After an increase of 43 percent in 2012, a further significant increase in production is expected during 2013. We are also building an increasingly material exploration program. We will continue the work of 2012 which saw strong reservoir performance from our producing fields and excellent progress on our operated development projects."

 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

Printer Friendly Version
Email this Page

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  AGR Energy Takes Controlling Stake in ... (Jul 1)
 -  Statoil Finds Oil, Gas near Gina Krog ... (Jul 1)
 -  SeaZip Wins Partnership Deal with Heer... (Jun 30)
 -  Technip Wins Topsides Contract with Ju... (Jun 30)
 -  Statoil Submits Amended Development Pl... (Jun 30)


Most Popular Articles

From the Career Center
Jobs that may interest you
Senior Drilling Technologist
Expertise: Driller
Location: Oklahoma City, OK
 
Offshore Service Technician
Expertise: Field Service Tech|Floorhand|Roustabout
Location: Houston, TX
 
Treater House Carpenter and Pipe Insulator
Expertise: Maintenance Technician|Roustabout|Welder / Fitter / Turner
Location: Sidney, MT
 
search for more jobs

Brent Crude Oil : $62.01/BBL 2.48%
Light Crude Oil : $56.96/BBL 4.22%
Natural Gas : $2.78/MMBtu 1.76%
Updated in last 24 hours