Premier Oil makes gas discovery offshore Indonesia

Premier Oil has announced that Singa Laut-1 well in Tuna PSC offshore Indonesia has penetrated 177 feet of net gas-bearing reservoir quality sands within the targeted Oligocene sequence.

Gas gradients have been measured and gas samples recovered. The gas appears to be of similar quality to the liquids rich gas found in the adjacent Kuda Laut well.

The Singa Laut-1 well will now be plugged and abandoned as a successful exploration well. Appraisal drilling to further assess the combined Singa Laut and Kuda Laut oil and gas resources is targeted for 2015.

Andrew Lodge, Exploration Director, said he was pleased that the Singa Laut discovery increased Premier’s gross resource estimate on the Tuna Block to a potential 100 mmboe.