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Premier sanctions BIGP, to drill off Vietnam

Written by  Thursday, 09 March 2017 14:02
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Premier Oil has sanctioned its BIGP project offshore Indonesia, and has plans to drill offshore Vietnam.

Image of the Anoa Natuna, from Premier Oil.

Offshore Indonesia, front-end engineering design (FEED) was completed in 2016 on the Bison, Iguana and Gajah Puteri (BIGP) fields, which marks the next generation of Natuna Sea Block A projects to support Premier’s long-term gas contracts into Singapore.

“Premier’s board sanctioned BIGP post period end. An invitation to tender for long lead items has been issued and delivery of first gas is targeted for Q3 2019,” says Premier.

Premier says it has identified several infill drilling candidates at Gajah Baru in the Naturan Sea Block A, with drilling currently anticipated to start in 2018. In addition, preparations are underway to recomplete the WL-5x well, which made the Lama discovery under Anoa in 2012 and to tie it into production in Q3 2017.

At its Tuna Block, Premier was granted a three-year extension to the exploration period of the license, which includes the Kuda Laut and Singa Laut discoveries. Premier says the extension will allow time for the company to undertake further appraisal drilling, and to establish a commercial development concept for the field, ahead of submitting a plan of development.

At Anoa Deep, seismic reprocessing is currently scheduled for this year to enhance the seismic imaging over the Lama Play area.

Offshore Vietnam, planning is underway for a program of further well stimulations at the Chim Sáo North West area in 2017. In addition, a two-well infill drilling program, scheduled to start in August 2017, will further help to maximize the field’s production levels. During 2016, Premier conducted a well intervention program, which included bringing a deep reservoir on to production in the Chim Sáo North West area, and the reservoir stimulation of three oil wells and a water injector well in the main field area. Premier has revised upwards its estimates of Chim Sáo’s remaining net 2P reserves by 13 MMboe to 31 MMboe.

Premier posted a record global production for 2016 with an increase of 24% at 71,400 boe/d in 2016, compared to 57,600 boe/d in 2015.

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