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Montevideo, June 2nd 2023 - 04:07 UTC

Tag: Zama -1 well Premier

  • Friday, May 17th 2019 - 11:00 UTC

    Premier Oil finances improving and so are Falklands' Sea Lion project prospects

    Premier’s output has been buoyed in the past year by its flagship Catcher field in the British North Sea, where it expects to approve an expansion project

    Britain’s Premier Oil increased its 2019 production guidance on Thursday, saying output had been boosted by efficiency measures and a late sale from its now-divested Pakistan oil fields. The company said it now expects output to reach 75,000 to 80,000 barrels of oil equivalent per day (boed) this year, from up to 75,000 boed previously.

  • Monday, January 14th 2019 - 06:40 UTC

    Premier record oil production helps significant cuts in its debts

    Premier has assets in the North Sea, Asia, off the Falkland Islands and Mexico. It built heavy debts before the oil price downturn in 2014

    Premier Oil has taken advantage of its second consecutive year of record oil production to make larger than expected cuts into its still-significant debts. The London-listed oil and gas developer, with interests in the Falkland Islands, expects its financial results to reveal end-of-year debts of US$2.3 billion, after removing US$390 million from the total following a sharp rise in oil output.

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

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

    “Initial scoping estimates are that Zama has very low breakeven...It looks like a world-class asset that will fit well into our portfolio” Tony Durrant said

    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

    According to the Financial Times report CEO Durrant is hopeful of securing about US$800m in UK export credit finance

    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 said initial gross original oil in place estimates for the Zama-1 well are in excess of 1 billion barrels, which could extend into a neighboring block

    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.