Subsea Production: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

Premier Starts Vietnam, Indonesia Production 2011

Source: Reuters 4/22/2010, Location: Asia

Share |

UK oil and gas explorer Premier Oil PLC will start production at the 25,000 barrels per day (bpd) Chim Sao oilfield offshore Vietnam in July 2011, a company executive said.

The company will also begin production at the more than 100 million cubic metre (cu m) per day Gajah Baru gas field offshore Indonesia around July next year, said Robin Allan, Asia director at Premier.

He said Premier is spending about $900 million in the Asian upstream sector in the next two years with a focus on Southeast Asia.

The crude from the Chim Sao field has similar qualities to Vietnam's light sweet Bach Ho grade, he told Reuters on the sidelines of an upstream conference organised by Global Pacific and Partners in Singapore.

"We will be working with PV Oil to market the crude," he said, referring to the marketing arm of Petrovietnam.

Proven and probable reserves at the Chim Sao oilfield is more than 50 million barrels, he added.

The gas from the Gajah Baru field in the Natuna Sea will be piped to Singapore and Indonesia's Batam island, Allan said.

The company has discovered 450 million barrels of oil equivalent (boe) in net resources, he told the conference. By end-2012 almost half of Premier's production will be in Asia, he said.

The company also has oil and gas interests in the North Sea and the Middle East-Pakistan region with total global production of 44,200 barrels of oil equivalent per day.

The firm is also awaiting extensions of production sharing contracts at two gas fields in northern Sumatra and will acquire 3-D seismic data at the Tuna gas field in Natuna, that lies in Indonesian territorial waters.

Subsea Production News in Vietnam >>

Enagas Joins TAP & Fluxys Increases Its Shareholding
Azerbaijan >>  9/30/2014 - Enagas has joined Trans Adriatic Pipeline as a new shareholder with a 16% stake in Trans Adriatic Pipeline AG company. In addition, existing sharehold...
Russia Economy in September 2014
Russia >>  9/27/2014 - Preliminary data from the country’s Federal Statistics Service showed that Russia had a disappointing GDP growth in the 2Q of only 0.8% y-o-y compared...

Shawcor Signs $200m Contract for the Shah Deniz Stage 2
Azerbaijan >>  9/26/2014 - ShawCor Ltd., through its Bredero Shaw pipe coating division, has received contracts with a value of approximately US$200 million from BP Exploration ...
China Oil Trade in September 2014
China >>  9/25/2014 - In July, China’s crude oil imports declined for the third month in a row, falling by 70 tb/d or 1% to average 5.6 mb/d. The drop came mainly from lowe...

Russia Oil Supply in September 14
Russia >>  9/24/2014 - Russia’s oil production is forecast to increase by only 20 tb/d to average 10.53 mb/d in 2014, indicating a downward revision of 30 tb/d from the prev...
SOCAR Presents New Logo
Azerbaijan >>  9/20/2014 - On the occasion of a professional holiday of Azerbaijani oil workers, SOCAR presented its new corporate logo. New logo is based on the symbol of fire,...



Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


Vietnam Oil & Gas 1 >>  2 |

More News

Oil & Gas Companies in Vietnam >>

Related Links

Countries Quick Links

AZ BD BN CN GE HK ID IN IR JP KG KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us