LONDON (Yosefardi) – UK-based oil and gas company Premier Oil Plc plans to drill four exploration wells in Indonesia this year.
The wells are Kuda Laut and Singa Laut in the first quarter of 2014, where Premier holds 65% interest and has high outcome/risk. Premier also plans to drill Ratu Gajah well in the first quarter, but with low outcome/risk potential.
In the fourth quarter of 2014, Premier Oil will drill Anoa Deep appraisal well with low outcome/risk potential.
Premier reported an estimated full year production of 13,700 barrels of oil equivalent per day last year, down from 14,200 boepd in 2012.
Premier said that the Pelikan and Naga platforms were installed at the end of last year and development drilling is expected to commence in second quarter with first gas expected in the second half of 2014.