Premier group gets license off Indonesia

Feb. 2, 2018
Premier Oil PLC, London, and partners will acquire 3D seismic data during the first 3-years of the Andaman II license in the North Sumatra basin offshore Aceh, Indonesia.  

Premier Oil PLC, London, and partners will acquire 3D seismic data during the first 3-years of the Andaman II license in the North Sumatra basin offshore Aceh, Indonesia.

The government awarded the license to a joint venture of Premier, operator with a 40% interest, and Mubadala Petroleum, Abu Dhabi, and Kris Energy, Cayman Islands, with 30% interests each.

Premier said it has identified numerous leads exhibiting direct hydrocarbon indicators in existing 2D seismic data.