Premier Provides Annual Results for 2011 in Mauritania

Source: www.gulfoilandgas.com 3/22/2012, Location: Africa

Premier is a leading FTSE 250 independent exploration and production company with oil and gas interests in the North Sea, South East Asia and in the Middle East, Africa and Pakistan regions. Our strategy is to add significant value for shareholders through exploration and appraisal success, astute commercial deals and optimal asset management.

In Mauritania, 2011 working interest production from the Chinguetti field averaged 650 bopd (2010: 700 bopd) with the decline rate continuing to be lower than expected. Negotiations between the government and the joint venture partners have been completed for extensions to PSC A and PSC B. Their respective exploration areas have been merged into a new PSC, C-10, in which Premier holds a 6.23 per cent working interest. The undeveloped discoveries (Banda, Tiof and Tevet) in PSC A and PSC B will continue to be held by joint venture partners for up to 18 months while development studies are undertaken. Potential gas sales arrangements for Banda are currently under discussion.

The exploration PSC extension was signed and ratified in 2011, resulting in a new PSC. The new PSC, in which Premier holds a 6.23 per cent equity interest, has a gross area of 10,725km2. The plan is to drill the first of two exploration wells on this new PSC in the latter half of 2012.


United Kingdom >>  1/21/2025 - Serica Energy plc (AIM: SQZ) issues the following trading and operations update in respect of the year ending 31 December 2024. Serica will issue 2024...
United States >>  1/21/2025 - Nostra Terra (AIM: NTOG), an international oil and gas exploration and production company focused on its Pine Mills producing asset in Texas, USA, is ...

United States >>  1/21/2025 - VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“Vaalco” or the “Company”) today provided an operational update that included record production and sales v...
Australia >>  1/20/2025 -  Comet Ridge Limited (ASX:COI) is pleased to advise that the Mahalo East Pilot Production Scheme started-up late last week. ...

China >>  1/20/2025 - CNOOC Limited (the “Company”, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that Dongfang 29-1 Gas Field Development...
Colombia >>  1/20/2025 - Operated
Colombia
December 2024
Boepd (1): 594 Bopd (1): 418
November 2024
Boepd (1): 698 Bopd (2): 517

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.