Premier Oil 1st Half 2014 Operational Review - Mauritania

abarrelfullabarrelfull wrote on 22 Aug 2014 11:22

Production from the Chinguetti field averaged 500 barrels of oil per day (bopd) net to Premier in the first half (2013: 600 bopd). The fall in production was driven by natural decline from the existing wells as well as a shutdown of the facilities in January for a mooring chain replacement. On the Banda gas development, gas sales negotiations and arrangement of payment guarantees are at an advanced stage. Project approval is targeted for the first half of next year.

Exploration and Appraisal
The Tapendar-1 exploration well was drilled on PSC C-10 in the first half of 2014 and was plugged and abandoned as a dry hole.

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