Indonesian authorities have granted U.K. independent Premier Oil the offshore Natuna Block near acreage in Vietnam it also owns, a statement Friday said after the Opec country’s latest licensing round.
Premier’s 65-percent operated Natuna Block — or “Tuna” — sits just below Vietnamese Blocks 7&8/97 where the company’s 45 percent operated interest could produce border opportunity. Premier recently struck major hydrocarbons at the Dua and Blackbird propsects.
“Premier tracked the geology from its producing Anoa oil field across the Indonesia-Vietnam border into Block 12 last year and made significant oil discoveries,” chief exec Simon Lockett said in a statement.
Some 22 wells and $400 million were committed to by other oil companies.
Total got the southeast Mahakam block and Sageri went to Talisman. ExxonMobil’s Esso Indonesia got the Mandar block off west Sulawesi while a joint venture of Pertamina and Statoil got Karama, a Reuters report said.
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