Tag: Premier Oil plc

• Friday, November 13th 2015 - 14:04 UTC

  Premier Oil defers project development and exploration spending into 2016

  

  The successful Falkland Islands' exploration company Premier Oil has cut full-year capital expenditure as the oil producer deferred some project development and exploration spending into 2016, it said on Thursday. Like its peers, Premier Oil has to reduce spending to cope with a halving in oil prices since a peak in June last year that has eaten into revenues.

• Saturday, September 26th 2015 - 07:43 UTC

  Falklands' oil companies agree to resume drilling at successful Sea Lion prospect

  

  Falkland Oil and Gas PLC on Friday announced it has agreed with Rockhopper Exploration PLC and Premier Oil PLC to drill another well on the Isobel/Elaine complex to replace the planned Jayne East well.

• Friday, September 4th 2015 - 08:26 UTC

  Falklands approves Noble and Premier plans to drill Rhea-1 and Jayne East

  

  The most recent meeting of the Falkland Islands' Executive Council (ExCo) was dominated by matters relating to oil exploration and development including recommendations for plans of Noble Energy and Premier Oil to go ahead with drilling of Rhea-1 and Jayne East wells.

• Friday, July 17th 2015 - 06:42 UTC

  Falklands' Premier secures two blocks in Mexico's oil industry privatization

  

  Premier Oil, with strong involvement in the development of the Falkland Islands' oil and gas industry is among the winners in the first round of Mexico’s oil and gas privatization. The two licences secured by the London listed oil firm’s consortium were the only assets successfully auctioned by the Mexican authorities.

• Saturday, July 11th 2015 - 06:45 UTC

  Keeping Falklands pristine: waste fuels and oil recycled into energy

  

  The Falkland Islands have been for many years utilizing waste fuels and oil for energy from a variety of different sources and now the oil companies operating in the Falklands, having complied with all the safety regulations on storage and handling, are also contributing to the local 'processing' industry managed by Tim Miller and his greenhouse fresh vegetables enterprise.

• Saturday, July 11th 2015 - 06:18 UTC

  Premier Oil Falklands' exploration budget increased given successful drilling

  

  Premier Oil has increased its 2015 exploration budget by $20 million to account for higher investments in its drilling campaign in the Falkland Islands, the company said this week in a trading update. The company also revealed it is considering further drilling at the Isobel Deep recent discovery instead of going on to Jayne East in North Falkland.

• Tuesday, June 30th 2015 - 05:16 UTC

  Argentina's threat against Falklands' oil companies with no impact on markets

  

  The Argentine court order that assets of several international oil companies drilling for oil in the Falkland Islands be seized has caused mild turbulence in their share prices. Tierra del Fuego judge Lilian Herraez ordered the authorities to seize bank accounts, boats and other assets worth an estimated US$156mln.

• Wednesday, May 20th 2015 - 05:11 UTC

  Falklands' Isobel Deep well with good prospects of finding oil, say operators

  

  Premier Oil’s high-impact Falklands Isobel Deep well has hit oil shows in a suspected high pressure formation, partners Rockhopper Exploration and Falkland Oil & Gas Ltd., said Tuesday morning. But, the area will now have to be cased, delaying the drilling program.

• Thursday, May 14th 2015 - 00:17 UTC

  Premier confirms Falklands' frontier exploration, where it continues drilling

  

  Premier Oil, currently involved in successful exploratory drilling in the Falkland Islands, produced less oil and gas in the first quarter of the year, but its output of 60,200 barrels of oil equivalent per day (boepd) was above guidance, sending its shares higher on Wednesday.

• Tuesday, May 12th 2015 - 22:03 UTC

  Falklands' Isobel Deep drilling operations have recommenced

  

  Energy company Rockhopper Exploration and Falkland Oil and Gas Ltd., have announced that drilling operations at Isobel Deep well have recommenced. Isobel Deep is located in the North Falklands basin and is part of the current round of drilling in Falklands' waters.