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.'
Story provided by StockMarketWire.com