Premier Updates on its Southeast Asia Development Projects

Premier Oil plc provided an update on the progress of the company's development projects in Indonesia and Vietnam when the company announced its half-yearly results recently.

Operator Premier said the Naga and Pelikan gas projects in Indonesia's Natuna Sea will be tied into the Gajah Baru facilities. Onshore fabrication of both the Naga and Pelikan wellhead platforms is nearing completion for load out, with installation scheduled for the third quarter of 2013. Meantime, planning for the development drilling campaign is also far advanced with the rig contract awarded. Drilling at the Pelikan platform wells is expected after the monsoon season in the first quarter of 2014, followed by the Naga wells. First gas from both fields, which contain 150 billion cubic feet (bcf) of reserves, is expected in the second half of 2014.

Development work on the Block A Aceh gas development in northern Sumatra, Indonesia, continues, with all engineering, procurement, construction and installation bids for the facilities received and negotiations on a revised gas price with the end user and the Indonesian Government are nearing completion. The joint venture is exploring the option of an alternative development scenario of early production from Matang following the success at the Matang-1 exploration well in April. "Planning of an appraisal well on the Matang discovery in line with alternative block development plans has commenced and an agreement on the preferred development plan is expected in the fourth quarter of this year," Premier said in the press

At the offshore Anoa field in the Natuna Sea Block A, the Phase 4 additional compression project has now been completed and field production resumed Aug. 14. This project will add 200 bcf of reserves for delivery from the Anoa field to Singapore.

Over in the Nam Con Son Basin off Vietnam, work on the Dua oil project, which is being developed as a subsea tie-back to Chim Sáo, is well advanced. The subsea structures and equipment to tie Dua into the floating, production, storage and offloading vessel have been completed; load out and installation will commence shortly. Drilling of three production wells at the Dua project is scheduled to start in the fourth quarter, with first oil - estimated at 10,000 barrels of oil equivalent per day - targeted for the first half of 2014.


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