Premier Oil Sees Success at Anoa Field in the Natuna Sea

Premier Oil says that while drilling the West Lobe-1 well, one of the four development wells currently being drilled as part of the Anoa Field West Lobe development, a 100 foot hydrocarbon bearing interval was encountered in a shallower horizon above the main producing reservoir. An evaluation is under way to establish the significance of this success which is likely to require further appraisal.

Central Lobe

In addition, a further appraisal well has been drilled into a new fault block in the Anoa Field. Results have confirmed the presence of a 67 foot column, with an overlying 80 foot gas column. Evaluation is ongoing, however this result has the potential to increase significantly oil production at the Anoa field.

Premier's Chief Executive, Simon Lockett, said:
"The success here is positive news for our key Anoa asset in Natuna Sea Block A where next year we will be drilling a further five wells. In line with our strategy, this is further evidence of our ability to add reserves from within our existing producing portfolio."

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