Premier updates drilling activities

Premier Oil has provided further update on operations on the Masimpur-3 well in India.

The well was drilled to a depth of 4,002 metres where a sandstone formation was encountered with good hydrocarbon shows and high formation pressure. The mechanical difficulties were resolved, 7 inch casing set and the well was then deepened to 4,419 metres penetrating further sandstones with shows.

The well was logged, an operation which was complicated by the deviated nature of the hole. The log results obtained were inconclusive in quantifying the significance of the hydrocarbon shows observed during drilling.

Premier, in consultation with its joint venture partners, is now proceeding to drill stem test (DST) the prospect and will provide a further update on completion of testing operations.
Indonesia

Meanwhile, the Pancing-1 well on the Kakap block in Indonesia has reached a depth of 11,935 feet, encountering hydrocarbon shows. Wireline logs have been run, confirming the likely presence of gas. The operator, Star Energy, is proceeding with testing operations.