Indonesia: Premier finds oil, gas with Kuda Laut well

Premier Oil PLC reported that the Kuda Laut-1 well, drilled in the Tuna production-sharing contract area offshore Indonesia, has discovered 183 ft of net oil-bearing reservoir and 327 ft of net natural gas-bearing reservoir. Premier serves as operator with 65%.

Oil and gas samples have been recovered to surface, Premier said.

Following completion of evaluation operations, the well will be sidetracked to drill the Singa Laut prospect in the adjacent fault block. Results of this sidetrack are expected in late May and will be incorporated with the results from Kuda Laut to assess the extent of discovered resources at that time.

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