Tag: Premier Oil plc

• Thursday, October 4th 2018 - 07:20 UTC

  Four FPSO planned for the Falklands by 2025, according to oil industry reports

  

  The latest report from Global Data, FPSO Industry Outlook, suggests that a total of 74 planned and announced floating production, storage, and offloading units (FPSOs) are expected to start operations globally by 2025. Globally, South America leads with 32 planned and announced FPSO additions by 2025, including four in the Falkland Islands, followed by Africa and Europe with 17 and seven FPSOs, respectively.

• Thursday, September 20th 2018 - 06:52 UTC

  Falklands Sea Lion development on track to begin offshore operations

  

  Negotiations continue with service providers for the Premier Oil-operated Sea Lion development in the offshore North Falkland basin. According to partner Rockhopper Exploration, Phase 1 will develop around 220 MMbbl in license PL032 and a further 300 MMbbl from the license’s remaining resources under Phase 2.

• Saturday, July 28th 2018 - 02:52 UTC

  Premier Oil Outline Procurement and Infrastructure Plan in the Falkland Islands

  

  As Mercopress have reported over recent months, Premier Oil continue to progress their Front End Engineering and Design (FEED) process for the Sea Lion oil discovery. As a next step in this process, earlier this week Premier Oil plc provided details of their intended approach to both procurement and infrastructure to support the discovery to the north of the Falkland Islands.

• Saturday, May 12th 2018 - 07:31 UTC

  Falklands' Premier Oil figures commissioning three FPSOs in next seven years, reports GlobalData

  

  South America, including the Falkland Islands, has the highest number of planned and announced floating production, storage, and offloading units (FPSOs) to be commissioned by 2025, according to a report by GlobalData. World wide 74 planned and announced FPSOs are set to become operational for the outlook period between 2018 and 2025.

• Sunday, February 4th 2018 - 02:02 UTC

  What does the Premier Environmental Impact Statement say about the Sealion Oil Field Development to the North of the Falkland Islands

  

  As Mercopress reported, Premier Oil are currently consulting on the Environmental Impact Statement (EIS) for their Sealion Oil Field development sitting 220km to the North of the Falkland Islands in 450 metres of water depth. The formal minimum 42 day consultation period began earlier in the week and only after the Falkland Islands Government agreed via its Executive Council that it could do so.

• Tuesday, August 29th 2017 - 11:36 UTC

  Premier Oil expects 2017 production in the range of 75.000/80.000 boepd

  

  Premier Oil has lifted its full-year production guidance as well as estimated resources at a huge oilfield it discovered off the coast of Mexico. Premier Oil, the operations of which stretch from Indonesia to the Falkland Islands, now expects 2017 production in the range of 75,000-80,000 barrels of oil equivalent per day (boepd), up from the previous forecast of 75,000 boepd, thanks to its strongly performing North Sea fields.

• Monday, August 28th 2017 - 07:52 UTC

  Falklands: Premier Oil is asking for export funds to develop Sea Lion, reports Financial Times

  

  The Financial Times is reporting that Premier Oil is negotiating with the UK government about securing export finance to fund just over half of the US$1.5bn investment needed to develop a large oilfield in waters north of the Falkland Islands. If all works out as planned first oil in the Falklands would be in 2021.

• Wednesday, July 12th 2017 - 20:12 UTC

  Premier and partners make world class oil discovery in Mexico. Shares soar more than 30%

  

  Premier Oil (with strong interests in Falklands' oil industry), together with its joint venture partners Talos Energy (Operator) and Sierra Oil & Gas, announced on Wednesday that the Zama-1 exploration well in Block 7, offshore Mexico, has made a world class oil discovery.

• Tuesday, March 14th 2017 - 06:26 UTC

  Falklands denies any commitment to reduce oil royalty has been entered

  

  The Falkland Islands government announced on Monday that it is currently in discussion with Premier Oil on a wide range of issues with the objective of progressing the Sea Lion development towards a successful project sanction.

• Wednesday, February 8th 2017 - 10:17 UTC

  Falklands' oil exploration: Rockhopper announces investments in Sea Lion

  

  Rockhopper Exploration plc has provided its latest operational and corporate update which includes the North Falkland Basin Sea Lion project and has announced that the technical engineering is approaching conclusion and a settlement on the Eirik Raude rig dispute has been reached.