North Sea operator Premier Oil has increased its gross resource estimates in Indonesia following a new gas find.
The Singa Laut-1 well in Tuna block, in which Premier holds a 65% stake, has found rich liquid gas reserves, of similar quality to the adjacent Kuda Laut well, drilled in April.
The well will be plugged and abandoned ahead of appraisal drilling planned for next year, Premier said in a statement.
In Indonesia, the company is testing the Ratu Gajah-1 well for movable hydrocarbons in the deep Lama section, despite low quality of the original sandstone finds.
The results of the testing will be used for the appraisal of the Anoa Deep discovery in early 2015 and assessment of other prospects in the Lama play, estimated to hold more than 1.5trillion cubic feet of gas.
Elsewhere, the company has secured a rig for its North Falklands Basin exploration and appraisal campaign, targeting a total resource of 1.9billion barrels of oil estimate.
The campaign, due to begin in the second quarter of 2015, is set to comprise of at least four wells surrounding the Sea Lion discovery and is hoping to strike another discovery at the Isobel and Elaine prospects.
“We are pleased that the Singa Laut discovery has increased our gross resource estimate on the Tuna Block to a potential 100million barrels of oil equivalent, that Ratu Gajah has provided further valuable information about the Lama play and that we have secured our high impact exploration programme for 2015 in the Falklands,” said Andrew Lodge, Premier Oil’s exploration director.
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