Project Profile
Value: US$100 Million
Startup Year: 2014
Estimated reserves: Excess of 100 mmboe
In March 2007, Premier was awarded a 65% operated interest in the Tuna offshore block by the Indonesian Government. In April 2014, Premier drilled the Kuda Laut-1 well which discovered 183 feet of net oil-bearing reservoir and 327 feet of net gas-bearing reservoir. Oil and gas samples were also recovered to surface. The well was then side-tracked to drill the Singa Laut prospect in an adjacent fault block where 177 feet of net gas-bearing reservoir quality sands were penetrated. Evaluation of the potential development scenarios for the 2014 Kuda/Singa Laut discoveries, which are estimated to contain in excess of 100 mmboe, on the Tuna Block remains ongoing.
Operators:
Premier Oil Natuna Sea BV: Operator with 65% interest
Moeco Tuna E&P Co. Ltd.: 20% interest
GS Caltex: 15% Interest
Contractor:
Seadrill Asia Ltd.: Drilling contractor