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EXPLOITING OUR
STRONG POSITION |
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The full range of exploration, development and production activities |
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STRATEGY |
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We seek to maximise the potential of our Natuna Sea, North Sumatra and Nam Con Son Basin assets, bringing relationships, knowledge and technical skills to bear and developing new business opportunities in related technical or geographical areas |
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2007 Highlights and Achievements |
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Acquisition of additional equity in North Sumatra Block A |
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Agreements signed for gas sales from North Sumatra Block A and further gas sales from Natuna Sea Block A |
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PSCs signed for new exploration blocks in Indonesia (Tuna and Buton) and a PSC awarded in Vietnam (Block 104-109/05) |
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Completion of farm-in on Block 07/03 (Vietnam) allowing Premier to assume operatorship with 45 per cent interest |
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Rig secured for drilling on Block 12W for up to 24 months |
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Following successful Chim Sáo drilling in early 2007, progressing combined Chim Sáo/Dua project towards development approval |
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outlook |
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Approval of Chim Sáo oil development plans targeted for the second quarter of 2008 |
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Completion of gas sales agreements on Natuna Sea Block A, formal government approval of field development plans and award of major construction contracts expected in 2008 |
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Approval of North Sumatra Block A gas development plans and award of major construction projects expected in 2008 |
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Exploration prospects on Block 12W to be drilled in the second and third quarter of 2008 |
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Seismic and other technical work to be progressed for 2009 drilling programmes in Vietnam and Indonesia |
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