Premier Gets First Gas under Indonesian Swap Deal

Junior energy firm Premier Oil reported Wednesday that it has achieved first gas under a "domestic swap agreement" from its Natuna Sea Block A asset, offshore Indonesia.

The deal sees Premier deliver additional volumes of gas from Natuna Sea Block A to Singapore, which will be swapped with existing supplies from Sumatra to Singapore. The Sumatra volumes will be redirected to the Indonesian gas market.

Gas delivered under the agreement replaces gas previously contracted to Batam Island, Indonesia, from Natuna Sea Block A.

Premier Chief Executive Tony Durrant commented in a company statement:

"We are delighted that our operated Natuna Sea fields are now delivering gas into the Indonesian domestic market as well as into Singapore via this innovative commercial agreement between multiple parties in Singapore and Indonesia."



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

WHAT DO YOU THINK?

Click on the button below to add a comment.
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
 -  What Should Go On Your Electrical Engi... (Jul 25)
 -  AECOM to Lead Permitting for Monkey Is... (Jul 25)
 -  LyondellBasell Plans Its Largest Inves... (Jul 21)
 -  Preparing a Mechanical Engineering Res... (Jul 19)
 -  Tesoro Signs Deal with Pemex to Enter ... (Jul 19)


Most Popular Articles

From the Career Center
Jobs that may interest you
Technical Services Manager - Production Chemicals
Expertise: Chemist|Production Engineering|Stimulation
Location: Midland, TX
 
United States Houston: R&D Cementing Engineer - Petrophysical Applications
Expertise: Chemical Engineering|Mechanical Engineering|Petroleum Engineering
Location: Houston, TX
 
United States Houston: Application Evaluation Specialist
Expertise: Drilling Engineering|Field Development
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $50.2/BBL 3.29%
Light Crude Oil : $47.89/BBL 3.34%
Natural Gas : $2.94/MMBtu 1.37%
Updated in last 24 hours