offshore

London-based Premier Oil has discovered oil at the Kuda Laut-1 well on the Tuna block offshore Indonesia.

The company encountered 183ft of net oil-bearing reservoir and 327ft of net gas-bearing reservoir, and the oil and gas samples have been recovered to surface.

Following completion of evaluation operations, the Kuda Laut-1, which is operated by Premier Oil with a 65% stake, will be side-tracked to drill the Singa Laut prospect in the adjacent fault block, with results expected in late May.

Premier Oil exploration director Andrew Lodge said: "Discovering oil at Kuda Laut is of particular significance and we now look forward to the results of Singa Laut.

"This is the first of a number of high-impact wells Premier plans to drill over the next 12 months."

"Discovering oil at Kuda Laut is of particular significance and we now look forward to the results of Singa Laut."

Premier also said that drilling operations at the Ratu Gajah-1 exploration well in the Natuna Sea Block A PSC are working at normal pace.

The company is the operator with a 28.67% stake and results are expected in May 2014.

Premier also announced that the K-36 well on the Kadanwari block (15.79% stake) onshore Pakistan discovered a total net gas pay of 65ft and flowed at a rate of 50 million standard cubic feet per day.

On a negative note, Premier said that the Tapendar-1 exploration well offshore Mauritania (6.23% stake) and the Badhra-8 well on the Badhra block onshore Pakistan (6% stake) were both plugged and abandoned as a dry hole.


Image: Kuda Laut-1 well will be side-tracked to drill the Singa Laut prospect in the adjacent fault block. Photo: courtesy of num_skyman/FreeDigitalPhotos.net.

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