Premier Oil plc ist auf die Exploration und Produktion von Öl und Gas in der Nordsee und in Südostasien fokussiert. Premier produziert derzeit rund 60.000 Barrel Öl pro Tag und verfügt über ein Portfolio von rund zehn Entwicklungsprojekten, von denen die meisten bis 2015 die Produktion aufnehmen werden. Ausserdem besitzt Premier Oil über 80 Explorationslizenzen weltweit. Premier Oil wurde 1934 als Caribbean Oil Company gegründet für Öl- und Gasexplorations- und Produktionsaktivitäten in Trinidad und ist seit 1971 auf dem Gebiet der Öl- und Gasexploration in der Nordsee und in Südostasien tätig.
Premier Oil has updated progress on the Sea Lion project, the first field development offshore the Falkland Islands. Latest subsurface studies suggest recoverable reserves for the Phase 1 development at 308 MMbbl, with further upside of 60 MMbbl if next year
----------- An der Börse ist alles möglich, auch das Gegenteil. André Kostolany
. Premier is pleased to announce that the Solan subsea oil storage tank, jacket and topsides have been successfully installed. The offshore hook up and commissioning programme will now commence. Precise timing of first oil from the Solan field will depend upon the progress of this next phase.
. kann es nicht liegen. Das läuft bereits seit März d.J. und ist eher positiv zu sehen, da die Aktien komplett eingezogen werden. Mal abwarten, was der Zwischenbericht am 13.11. bringt.
----------- An der Börse ist alles möglich, auch das Gegenteil. André Kostolany
Premier is pleased to provide an update in relation to two previously announced asset sales which have now completed. The combined cash consideration of the two transactions is $147.5 million.
Premier has completed the sale of its non-operated interests in the producing Scott, Telford and Rochelle fields to MOL Group for a cash consideration of $130 million before interim period adjustments. MOL has assumed the liabilities for future abandonment costs.
Premier has also completed the sale of its 30 per cent stake in PL359, which contains the Luno II discovery, offshore Norway, to Lundin for $17.5 million plus working capital adjustments.
Premier today provides a Trading and Operations update ahead of its 2014 Preliminary Results which will be announced on Thursday 26 February 2015.
Tony Durrant, Chief Executive, commented: ?Premier is in a strong position to weather a period of oil price weakness due to its long term cash flow generation. This is delivered from a stable production base with low cash operating costs (<$20/boe) supported by a significant 2015 hedging programme, a tax advantaged position in the UK and a favourable debt structure. Premier has also responded to the sharp fall in the oil price with a broad programme of cost reductions and the postponement of discretionary spend.
Operationally, Premier delivered a strong performance in 2014, with production exceeding guidance, key milestones reached on a number of our development projects and non-core assets disposed of in a difficult asset market.
We will continue to invest in high quality projects only if they are robust at our conservative oil price assumptions and if their cost base reflects the current oil price environment.?
To read the announcement in full, please click on the link below:
that gas production from the Pelikan field in the Natuna Sea Block A offshore Indonesia commenced on 9 March 2015. This follows first gas from the Naga field, also on Natuna Sea Block A, in November 2014. Both projects were brought on-stream to budget.
Pelikan and Naga will deliver additional reserves into the Singapore and domestic market under the Company?s long term gas contracts. Deliverability from the two fields of up to 200 BBtud will allow Premier increased operational flexibility, additional volumes to be supplied to meet growing market share within existing contracts and, when the opportunity arises, to respond to increased Singapore or domestic gas demand.
eine Rebound in Öl- und Gaspreisen. Das sollte PMO auf die Sprünge helfen.
HOUSTON ? Oil and gasoline prices have been on a ferocious rebound over the last month, and there were signs on Wednesday that declining domestic inventories could mean still higher prices as the summer driving season approaches.
(......) Premier is pleased to announce an oil discovery at the Isobel Deep exploration well 14/20-1 in the North Falkland Basin, approximately 30km south of the Sea Lion field.
(......) Andrew Lodge, Exploration Director commented:
?This is an important play opening discovery in the previously unexplored southern area of Licence PL004. The well has successfully demonstrated a trapping mechanism and the presence of moveable oil in the Elaine/Isobel fan complex.?
?We are pleased to have concluded these new arrangements over a key asset for Premier. The agreement with Chrysaor enables us to focus on delivering first oil from the Solan project without partner funding concerns, while the transaction with FlowStream reduces our balance sheet exposure to the project and releases capital to fund completion of the development. We continue to look at further opportunities to realise value from the project.?
Premier is pleased to announce that it, together with its joint venture partners Talos Energy (operator) and Sierra Oil & Gas, has been awarded Blocks 2 and 7 in Mexico?s Round 1 held in Mexico City on 15 July. The Blocks contain numerous leads in established and emerging plays, located in the shallow water Sureste Basin, a proven and prolific hydrocarbon province in the Gulf of Mexico.