Premier Reports More Norway Success

Premier Oil Norge AS, a wholly owned subsidiary of Premier Oil plc, has been offered participation in five Norwegian production licenses in the 2006 APA bidding round, announced yesterday. These awards include Premier's first operated license in Norway.

The awards underline Premier's commitment to build a successful exploration and production business in Norway following on from the five licenses awarded in the 2005 bidding round.

The new licenses are all located in the Norwegian North Sea and include several blocks close to our existing acreage interests.

        License Area             Block No.               Working Interest         Operator

     Bream Appraisal          17/12, 8/3 & 9/1                    20%            BG
     Bream Exploration        17/12, 8/3 & 9/1                    40%            Premier
     NE Troll                 36/10, 31/3 & 32/1                  40%            Revus
     35/8 part (south)        35/8                                15%            Nexen
     35/9 part                35/9                                25%            Nexen

These licenses offer a spectrum of appraisal and exploration drilling opportunities that, in conjunction with Premier's earlier awards, have the potential to meet the company's objectives for production growth and high impact exploration.

Premier said that it is particularly pleased to have been awarded an interest in the Bream area, which includes an existing oil discovery and two significant prospects in the adjacent exploration area that it will operate.

A map showing the location of Premier's existing and new license interests in Norway will be available on the company's website at

Simon Lockett, Chief Executive, commented :

"We are delighted with yesterday's announcement. Since setting out our strategy to return our North Sea business to growth, we have, in a short period of time, built an exciting portfolio of exploration, appraisal and development interests in the Norwegian sector."

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