Premier group gets license off 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.  
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.

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.

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