Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Premier Plans 14 Wells in 2013

change text size

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

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

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Shell Agrees Sale of Norwegian Downstr... (Dec 18)
 -  Independent Gets Cronx Extension (Dec 18)
 -  Det norske Appoints New Head of Projec... (Dec 18)
 -  Rose is Granted Utah Drilling Permit (Dec 18)
 -  Solo Oil Purchase of Tanzanian License... (Dec 17)
Most Popular Articles
From the Career Center
Jobs that may interest you
Directional Driller
Expertise: Directional Driller
Location: Houston, TX
 
Drilling Supervisor
Expertise: Company Man
Location: Houston, TX
 
Winder
Expertise: Coil Tubing, Rig Welder
Location: Philadelphia, PA
 
search for more jobs