Off the coast of Indonesia Premier Oil has this week achieved first gas from its BIG-P (Bison, Iguana and Gajah Puteri) project which is situated in the Natuna Sea Block A. According to Premier Oil the 2-year project has been delivered on schedule and significantly below budget.
(A worker on platform 3 of Natuna Block A offshore Indonesia. Image via Premier Oil).
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.
Commenting on the achievement of first gas, Tony Durrant, Premier Oil’s Chief Executive, said:
“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.”