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Completion of the farm-in for 60 % of Rockhopper Exploration plc’s (“Rockhopper”) licence interests in the Falkland Islands
Premier is pleased to announce that it has completed the farm-in for 60 per cent of Rockhopper’s licence interests in the Falkland Islands, which includes the Sea Lion development. This follows the expected cash payment of $231 million by Premier to Rockhopper and satisfaction of other closing conditions (including approval by the Falkland Islands Government). Operatorship of the Sea Lion development is expected to transfer to Premier at the end of October.

date.png20 Oct 2012 07:46 | comments.png 0 Comments | tags.png falklands premier rockhopper s-america upstream [ More ]

Sail away of the FPSO Voyageur Spirit
As announced by Sevan Marine ASA earlier today, Premier is pleased to note that the tow of the FPSO Voyageur Spirit from the Nymo upgrade yard at Eydehavn, Arendal to the Huntington field in the UK North Sea has commenced. The Voyageur Spirit let go of the moorings at 07:50 hrs on Sunday 30 September and is estimated to arrive at the Huntington field on Thursday 4 October.

date.png01 Oct 2012 18:34 | comments.png 0 Comments | tags.png europe north-sea premier uk upstream [ More ]

Ezra Reinforces Its Asia Subsea Installation Market Share With Contract Win In Vietnam
Ezra Holdings Limited (Ezra, the Group), a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, today announced that its subsea construction division, EMAS AMC, has been awarded a contract from Petroleum Technical Services Corporation Mechanical and Construction (PTSC M&C) for the transportation and installation of facilities for the Dua subsea field, which will be developed as a subsea tie-back to the Chim Sao Field in offshore Vietnam. The contract value is approximately US$47 million and will commence in the third quarter of 2012.

date.png01 Oct 2012 07:45 | comments.png 0 Comments | tags.png asia emas-amc premier services vietnam [ More ]

Exploration drilling update – Badhra B North-1
As announced by Eni Pakistan Ltd, Premier is pleased to note that a significant gas discovery has been made in the Kirthar Foldbelt onshore Pakistan through the Badhra B North-1 well (Badhra-7), located on Badhra Lease Area B (Premier 6 per cent working interest).

date.png19 Sep 2012 19:09 | comments.png 0 Comments | tags.png asia eni pakistan premier upstream [ More ]

Iraq Signs Initially a Contract to Rehabilitate the 12th Exploratory Area
The Iraqi oil ministry signed initially a contract with the consortium of Pashnift Russian & Premier British to develop and rehabilitate the 12th exploratory area (8000 km2) which is located in Muthanna & Najaf governorates with carbonic prospects (oil) and this area is under the custody of South Oil Company, and it is worthy to mention that the consortium offered 5 USD for the single barrel, The same target of the oil ministry.

date.png07 Aug 2012 19:13 | comments.png 0 Comments | tags.png iraq m-east pashnift premier upstream [ More ]

Proposed acquisition of 60 per cent. of Rockhopper Exploration plc’s (“Rockhopper”) licence interests in the Falkland Islands
Premier today announces that it has agreed to farm-in for 60 per cent. of Rockhopper’s licence interests in the Falkland Islands, which includes the Sea Lion development (the “Acquisition”). The initial payment will be $231 million in cash plus an exploration carry of up to $48 million and, subject to field development plan approval, a development carry of up to $722 million. These will be funded from a combination of Premier’s existing cash resources, facilities and cash flow from operations. Premier and Rockhopper have also agreed to pursue jointly exploration opportunities in the Falkland Islands and analogous plays in selected areas offshore Southern Africa.

date.png13 Jul 2012 08:00 | comments.png 0 Comments | tags.png deals falklands premier rockhopper s-america upstream [ More ]

Carnaby Oil Discovery
Premier is pleased to announce that the Carnaby exploration well 28/09-5A (Premier equity 50 per cent) has reached a total depth of 4,695 feet and encountered oil.

date.png06 Jun 2012 10:48 | comments.png 0 Comments | tags.png europe premier uk upstream [ More ]

Premier Oil picks Wood Group PSN as service partner for Balmoral FPV
Wood Group PSN has been awarded a major North Sea contract by Premier Oil to deliver integrated operations and maintenance support services to the Balmoral floating production vessel (FPV).

date.png27 Feb 2012 12:16 | comments.png 0 Comments | tags.png north-sea premier services uk wood-group [ More ]

TAQA reaches a conditional agreement to acquire North Sea assets from Premier
TAQA Bratani Limited (“TAQA Bratani”), the UK subsidiary of Abu Dhabi National Energy Company PJSC, has agreed to purchase from Premier Oil plc (“Premier”) certain assets that Premier will acquire following completion of its acquisition of Encore Oil plc. Under the agreement, TAQA will acquire a 16.6% per cent working interest in the Sterling-operated Cladhan area that is located in Blocks 210/29a and 210/30a in the Northern North Sea 17.5 km southwest of the TAQA operated Tern platform, for a consideration of $54.8 million including an allocation for tax allowances. TAQA has also agreed to farm-in to Blocks 28/5, 29/1d and 28/10a located in the Central North Sea.

date.png16 Nov 2011 14:08 | comments.png 0 Comments | tags.png deals north-sea premier taqa uk [ More ]
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