Kyle Field Well Test

abarrelfullabarrelfull wrote on 20 Aug 2012 14:13

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12 Jan 2000

Premier announces that Ranger Oil UK Limited on behalf of the Kyle Joint Venture has entered into an agreement, subject to regulatory approvals, with PGS Golar Nor for the provision of the Petrojarl 1 FPSO vessel to perform an extended well test (EWT) for the Phase 1 development of the Kyle field.

The EWT is subject to approval of the Department of Trade and Industry and consideration of the environmental statement. It is due to commence production in late May 2000 from the 29/2c-12z well at rates expected to be in excess of 10,000 barrels per day (Premier share 3,500 barrels per day) for a period of 4-5 months.

The Kyle field was discovered by Mobil in 1993. The joint venture has drilled the 29/2c-12z horizontal well and performed a very successful short-term test. Appraisal has continued with pre-stack depth migration reprocessing of the 3D seismic. The EWT will help define long term production performance and field reserves before committing to a full scaledevelopment.

Various options are under investigation for the continued development of Kyle following the EWT, including the use of the Ramform Banff.

The Kyle participants are Ranger (Operator, 40.0%), Premier Pict Petroleum Limited (35.0%), ROC Oil (UK) Limited (11.25%), Bow Valley Petroleum (UK) Limited (11.25%) and Croft Exploration Limited (2.5%).

Charles Jamieson, Chief Executive, Premier Oil, commented:

"The signing of this contract is a very positive step towards achieving early production from the field while at the same time progressing plans for full field development."

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