Premier Oil says first gas flowing from Gajah Puteri project offshore Indonesia

  • Dec 02, 2019
  • Stock Market Wire

StockMarketWire.com - Premier Oil said first gas had started flowing from its operated Bison, Iguana and Gajah Puteri project in the Natuna Sea offshore Indonesia.

The two-year project was delivered on schedule and significantly below budget, the company said.

Production from the asset tied into existing Natuna Sea Block A infrastructure, also operated by Premier, and supported 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,' chief executive Tony Durrant 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.'

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