16th Dec 2005 10:45
Premier Oil PLC16 December 2005 PREMIER OIL plc ("Premier") Premier Successful in the Norwegian 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 recently announced APA 2005 bidding round. The awards underline Premier's commitment to build a successful business inNorway. The new licences are located in the Norwegian North Sea. Further details, on theblocks and the forward programme, will be provided in the operational andtrading update in January 2006. The licence awards are as follows (*) • PL374S (blocks 34/2 and 34/5) (Premier 15%) • PL375 (blocks 34/4 and 34/5) (Premier 30%) • PL364 (blocks 25/2,3,5 and 6) (Premier 50%) • PL359 (blocks 16/1 and 16/4) (Premier 30%) • PL378 (blocks 35/12 and 36/10) (Premier 40%) Simon Lockett, Chief Executive, commented: "We are delighted by today's awards. It is further evidence of Premier'sdetermination to build a material business in the Norwegian Continental Shelf,based on our existing North Sea expertise. Today's announcement is anotherimportant step in delivering our new business strategy and we look forward toworking with our new partners in these exciting areas. " 16th December 2005 (*) all block names refer to part blocks ENQUIRIES Premier 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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