Premier Drills Duster in Pakistan
Premier
Premier has completed the drilling of the Chung-1 well, its fourth and last commitment well on the Dumbar licenses in southwest Pakistan.
The well drilled through the target Pab reservoir and encountered moderate to good quality sands, but was water wet with no hydrocarbons present.
The well has been plugged and abandoned. Premier's share of well costs is estimated to be approximately $1.5 million.
The partners are currently reviewing the remaining potential of the Dumbar licenses.
In 2004, Premier expects to drill up to 18 exploration and appraisal wells. The next wells to be drilled will commence next month in Gabon (Dussafu prospect) and Mauritania (Tevet prospect).
The well drilled through the target Pab reservoir and encountered moderate to good quality sands, but was water wet with no hydrocarbons present.
The well has been plugged and abandoned. Premier's share of well costs is estimated to be approximately $1.5 million.
The partners are currently reviewing the remaining potential of the Dumbar licenses.
In 2004, Premier expects to drill up to 18 exploration and appraisal wells. The next wells to be drilled will commence next month in Gabon (Dussafu prospect) and Mauritania (Tevet prospect).
RELATED COMPANIES
Most Popular Articles
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- UK Oil Regulator Publishes New Emissions Reduction Plan
- PetroChina Posts Higher Annual Profit on Higher Production
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call
- India Halts Russia Oil Supplies From Sanctioned Tanker Giant
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Centcom, Dryad Outline Recent Moves Around Red Sea Region
- PetroChina Set to Receive Venezuelan Oil
- Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
- US DOE Offers $44MM in Funding to Boost Clean Power Distribution
- Oil Settles Lower as Stronger Dollar Offsets Tighter Market
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea