Premier Oil has achieved first gas from its operated Bison, Iguana and Gajah Puteri (BIG-P) project in the Natuna Sea Block A offshore Indonesia.
The two-year project was delivered on schedule and significantly below budget, Premier said in a statement on Monday. The company has a 28.67% operated interest in the project.
The development of BIG-P was sanctioned in 2017 and comprises a three well subsea tie back to existing infrastructure. Premier expects BIG-P’s recoverable reserves to be in excess of the 93 BCF (gross) estimated at sanction as a result of the successful three-well drilling campaign which encountered additional productive sands.
BIG-P production ties into the existing Natuna Sea Block A infrastructure, also operated by Premier, and supports the company’s long-term gas sales contracts into Singapore.
Tony Durrant, Chief Executive, commented: “This is further evidence of Premier’s ability to execute full cycle projects from exploration through to production. BIG-P increases the deliverability from our operated Natuna Sea Block A enabling us to meet a growing market share within our existing gas contracts.”
The Natuna Sea Block A consists of four separate producing fields, which have been developed via a combination of platforms and subsea tie-backs to the Anoa facility and the Gajah Baru WHP and CPP.
During the first half of 2019 production from Natuna Sea Block A averaged 11.0 kboepd (net). Premier’s partners in Natuna Sea Block A are Petronas, PTT, Pertamina, and Kufpec.
Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.
Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.