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STRATEGY |
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We will grow our position in the North Sea through participation in new licensing rounds and an active exploration programme in Norway and the UK. This includes the development of discoveries already held in the portfolio. In the UK we seek to maximise output from our current production base and will acquire additional assets in the areas which we know well |
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2007 Highlights and Achievements |
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Completed acquisition of 20.05 per cent equity in the Scott field for US$53 million, adding over 5,000 boepd to Premier’s net production |
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Significant rise in Kyle field production following successful completion of gas lift project |
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Award of five licences in the Norwegian APA Licensing Round in January 2007 |
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outlook |
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Infill well programmes planned on the Scott, Telford, and Wytch Farm fields |
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Submission of development plans for the Frøy field expected during 2008 |
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Bream appraisal well planned for the second quarter of 2008 |
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First operated exploration programme in Norway will commence in 2008 with first well to be drilled in 2009 |
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