Premier announces first gas from BIG-P offshore Indonesia

Premier has announced that it has achieved first gas from its operated Bison, Iguana and Gajah Puteri (BIG-P) project in the Natuna Sea Block A offshore Indonesia. The 2-year project was delivered on schedule and significantly below budget.

Premier expects BIG-P’s recoverable reserves to be in excess of the 93 billion cu ft (gross) estimated at sanction as a result of the successful 3-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.

“This is further evidence of Premier’s ability to execute full cycle projects from exploration through to production,” Tony Durrant, Chief Executive, said. “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.”