Premier, a UK-based independent oil and gas exploration company, has been awarded three blocks in Brazil’s 11th Round held in Rio de Janeiro on 14 May. The blocks are located in deep water basins offshore North East Brazil in largely under-explored areas and contain prospects and leads capable of delivering between 250 mmbbls and 1 [...]
Bond Offshore Helicopters Ltd (Bond), one of the UK’s leading providers of energy support services, has been awarded a new contract with Premier Oil plc. The contract is to provide crew change flights for the independent exploration and production company. Services started on the 4th of March and the contract will run for three years [...]
Premier Oil has announced that the Cyclone well in UK block 21/7 has reached a total depth of 6,076 feet and is being plugged and abandoned. The well, drilled by the WilPhoenix semi-submersible rig, encountered 105 feet of Palaeocene Cromarty sands but the well logs identified only residual oil. This suggests that the trap, which [...]
Premier Oil UK Limited has started drilling operations at the Cyclone prospect in UK Central North Sea Licence P1784 Block 21/7b. Well 21/07b-4, which is being drilled with the Awilco WilPhoenix semi-submersible rig, will target the Tertiary Cromarty sandstones at a drilling depth of approximately 5,000 feet true vertical depth. November 22, 2012
Rockhopper, the North Falkland Basin oil and gas exploration company, has announced the completion of the farm-out agreement with Premier Oil plc. Premier has agreed to pay Rockhopper an upfront cash consideration of US$231 million, payable on completion of the transaction. Furthermore, Premier will, subject to field development plan approval, provide $722 million. Upon receipt [...]
October 19, 2012 | Posted in
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Premier Oil has spudded the Spaniards East exploration well, located in the UK sector of the North Sea, Faroe Petroleum has informed. The Spaniards East prospect is situated on Block 15/21a, south of the Perth field (Faroe 34.62%) and close to the producing Scott field in the Central North Sea. The well, which is targeting [...]
Rockhopper, the North Falkland Basin oil and gas exploration company, has received formal approval from the Falkland Islands Government (FIG) and both relevant licensees to the farm-out agreement with Premier Oil plc. The Executive Council of The Falkland Islands Government has approved changes to the Company’s production licence interests held in the Falkland Islands to [...]
Premier Oil plc (Premier) has awarded Ocean Installer a contract to perform offshore survey operations in support of the development of the Solan oil field. “We are very pleased to have been awarded our first offshore contract with Premier. Adding to our growing client base, this contract illustrates that Ocean Installer is capable of providing [...]
September 25, 2012 | Posted in
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Premier Oil, a UK based independent oil and gas exploration and production company has released its half year financial and operational results. The company has reported record profit before tax of US$194.6 million (2011: US$32.5 million) and profit after tax of US$145.8 million (2011: US$88.5 million). Production averaged 58,400 boepd (2011: 36,900 boepd) during the [...]
Rockhopper, the North Falkland Basin oil and gas company, has entered into a conditional farm-out agreement with Premier Oil plc (“Premier”), regarding the Company’s interests in its petroleum licences in the North Falkland Basin The agreement provides Premier with a 60 per cent interest in all of Rockhopper’s licence interests in the Falkland Islands and [...]
