30th Jan 2007 12:02
Premier Oil PLC30 January 2007 PREMIER OIL PLC ("Premier" or "the Company") Further Success in the Norwegian 2006 APA Licensing Round Premier is pleased to announce that Premier Oil Norge AS, a wholly ownedsubsidiary of Premier Oil plc, has been offered participation in five Norwegianproduction licences in the 2006 APA bidding round, announced yesterday. Theseawards include Premier's first operated licence in Norway. The awards underline Premier's commitment to build a successful exploration andproduction business in Norway following on from the five licences awarded in the2005 bidding round. The new licences are all located in the Norwegian North Sea and include severalblocks close to our existing acreage interests. Licence Area Block No. Working Interest Operator Bream Appraisal 17/12, 8/3 & 9/1 20% BG Bream Exploration 17/12, 8/3 & 9/1 40% Premier NE Troll 36/10, 31/3 & 32/1 40% Revus 35/8 part (south) 35/8 15% Nexen 35/9 part 35/9 25% Nexen These licences offer a spectrum of appraisal and exploration drillingopportunities which, in conjunction with our earlier awards, have the potentialto meet our objectives for production growth and high impact exploration. We are particularly pleased to have been awarded an interest in the Bream areawhich includes an existing oil discovery and two significant prospects in theadjacent exploration area which we will operate. A map showing the location of our existing and new licence interests in Norwaywill be available on the Premier website at www.premier-oil.com. Simon Lockett, Chief Executive, commented : "We are delighted with yesterday's announcement. Since setting out our strategyto return our North Sea business to growth, we have, in a short period of time,built an exciting portfolio of exploration, appraisal and development interestsin the Norwegian sector". 30 January 2007 ENQUIRIESPremier Oil plc Tel: 020 7730 1111Simon LockettTony Durrant Pelham PRJames Henderson Tel: 020 7743 6673Gavin Davis Tel: 020 7743 6677 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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