Premier Provides Annual Results for 2011 in Kenya

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.

Additional acreage was secured in East Africa via Premier’s entry into two new PSCs, offshore Kenya. Offshore East Africa was an industry focus in 2011 with the discovery of significant resources offshore Mozambique and Tanzania. Premier’s acreage offers the potential to extend these successful plays northwards into offshore Kenya.

In May 2011, Premier made an entry into Kenya with the signing of two PSCs for offshore exploration blocks L10A and L10B. A 3D seismic data acquisition programme was completed ahead of schedule at year-end and a 2D programme was completed on 15 January 2012. Processing and interpretation will take place in 2012 with exploration drilling provisionally scheduled for 2013.


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Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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