Premier Oil News


Premier makes heavy oil discovery on Bagpuss

Aug 05, 2016

Premier Oil's Bagpuss heavy oil exploration well on the Halibut Horst in the Outer Moray Firth, in the North Sea, has made a discovery, potentially opening a new play in the area. The 13/25-1 well, drilling using the Ocean Valiant semisubmersible drilling rig…

Premier spuds Bagpuss heavy oil prospect

Jul 21, 2016

Premier Oil spudded the Bagpuss heavy oil exploration well in the Moray Firth in the UK North Sea on 18 July, using the Ocean Valiant drilling rig, says partner North Sea Energy. Drilling results are expected in early August. The well…

Premier close to drilling on Bagpuss heavy oil prospect

Jul 12, 2016

UK independent Premier Oil is planning to spud the Bagpuss heavy oil prospect in the Moray Firth in the North Sea this month, later than initially expected.  Premier oil will use the Ocean Valiant semisubmersible drilling rig, which is…

Premier Oil to spud Bagpuss

Mar 22, 2016

Premier Oil anticipates to spud the Bagpuss well on 7 July, located in the UKCS Block 13/24c on the Halibut Horst, in the UK North Sea, according to partner North Sea Energy. An option has been exercised for the Ocean Valiant semisubmersible rig to drill the well…

Premier drops Eirik Raude, Chatham well deferred

Feb 12, 2016

Premier Oil is to drop its plans to drill its final Falklands drilling campaign well after serving a termination notice to rig operator Ocean Rig.  The firm had been due to drill the Chatham prospect. But, following 'a number of material…

Premier Oil sends Ocean Rig breach notice

Feb 01, 2016

Ocean Rig, a provider of offshore deepwater drilling services, has announced that on 31 January 2016, it has received a notice of breach of material obligations from Premier Oil under the drilling contract for the Eirik Raude. Ocean Rig is…

Premier: Solan first oil in January

Dec 23, 2015

Bad weather has delayed first oil from Premier Oil's Solan project, in the West of Shetland area, until January, the firm announced on 23 December. Premier Oil stated in its operations announcement that further progress has been made…

Det norske completes Premier Norway acqusition

Dec 22, 2015

Det norske oljeselskap has completed its agreement to acquire Premier Oil Norway. The merger, previously announced on 16 November, comprises all Premier Oil plc’s Norwegian assets for a net consideration of US$120 million on a cash free, debt basis…

Premier spuds latest Falklands target

Nov 23, 2015

Premier Oil has spudded its latest Falklands Islands exploration well. The 14/20-2  Isobel - 2 well in the North Falklands basin is a second attempt on the Isobel Deep area, after drilling in May hit oil shows in a suspected high pressure formation…

Premier Oil sells Norway business

Nov 16, 2015

Norway's Det Norske has bought UK-based independent explorer Premier Oil's Norwegian assets for US$120 million, just a month after agreeing to buy Svenksa Petroleum for $75 million. The Premier Oil assets include the Vette development…

Premier lines up Sea Lion contractors

Nov 12, 2015

UK-based independent Premier Oil says it has lined up key 'world class' contractors to provide the vessel and infrastructure for its Falklands Islands Sea Lion development, after completing pre-front end engineering and design on the project…

Premier Oil nears Sea Lion FEED contracts

Sep 15, 2015

Premier Oil is aiming to award front-end engineering and design (FEED) contracts for the North Falklands Sea Lion project in 4Q this year, partner Rockhopper Exploration says. Sea Lion is about 220km north of the Falkland Islands in 450m water depth…

Dry hole for Premier Oil offshore Norway

Sep 03, 2015

Premier Oil's exploration well 3/7-10 S on the Myrhauk prospect in the Norwegian sector of the North Sea is to be plugged and abandoned as a dry hole. The well, on the south east flank of the Mandal High in production license 539, reached total vertical depth of 3464m…

Noble hits delays on Falklands Humpback

Aug 25, 2015

Noble Energy's Humpback exploration well in the south Falklands basin has hit operational issues with results likely to be delayed by about a month, according to partner Falkland Oil and Gas (FOGL).  The well, which spudded on 13 June 2015…

Premier targets 2016 Bagpuss spud

Jun 19, 2015

Premier Oil is hoping to spud an exploration well on the Baguss prospect in Block 13/24c in the UK North Sea in H1 2016, according to partner North Sea Energy.  The Bagpuss well targets lower cretaceous sands, jurassic sands and a granite wash formation about 1400ft subsurface…

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