Premier Oil Finds Gas Offshore Indonesia

Premier Oil on Wednesday said that the Singa Laut-1 well in Tuna PSC offshore Indonesia has encountered gas.

The gas appears to be of similar quality to the liquids rich gas found in the adjacent Kuda Laut well, the company said.

The Singa Laut-1 well will now be plugged and abandoned as a successful exploration well.  Appraisal drilling to further assess the combined Singa Laut and Kuda Laut oil and gas resources is targeted for 2015.

Premier further announced that the Ratu Gajah-1 well, also in Indonesia, penetrated the targeted deep Lama section with gas shows.

“Whilst sandstone quality is low, a DST is being performed to demonstrate movable hydrocarbons,” Premier added.

After the DST results, the immediate follow up for the play will be the appraisal of the Anoa Deep discovery in early 2015 and the high grading of other prospects in the Lama play which have a gross prospective resource in excess of 1.5 TCF, the company said.