Premier Oil reports first gas from BIG-P project
By Frank Prenesti
Date: Monday 02 Dec 2019
(Sharecast News) - Premier Oil said it had achieved first gas from its operated Bison, Iguana and Gajah Puteri (BIG-P) project in the Natuna Sea, off Indonesia.
The two-year project was delivered on schedule and "significantly below budget", Premier said in a statement on Monday.
Premier said it expected BIG-P's recoverable reserves to be more than a previously estimated 93bn cubic feet (BCF) as a result of the successful three-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, it added.
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