Close
Company Search
Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Completion of Tuna farm down

26th Jan 2021 07:00

RNS Number : 8395M
Premier Oil PLC
26 January 2021
 

Premier Oil plc

"Premier" or the "Company"

Completion of Tuna farm down

26 January 2021

 

 

Premier is pleased to announce that it has completed the farm down of its interest in the Tuna PSC, offshore Indonesia to Zarubezhneft. This follows receipt of Indonesian government approval.

 

Under the farm down agreement, Zarubezhneft will carry Premier for its share of a two well campaign to appraise the Tuna discoveries, scheduled to commence in the second quarter of this year.

 

In addition, Premier and Zarubezhneft have also secured Indonesian government approval for a one year extension to the exploration period of the Tuna PSC to March 2022.

 

Premier remains operator of the Tuna PSC, with the Company and Zarubezhneft each having a 50 per cent interest in the licence.

 

 

 

Enquiries

Premier Oil plc

Richard Rose, Interim Chief Executive, Finance Director

Elizabeth Brooks, Head of Investor Relations

020 7824 1116

Camarco

Billy Clegg

Georgia Edmonds

020 3757 4983

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCSESEEIEFSEFF

Related Shares:

PMO.L
FTSE 100 Latest
Value8,809.74
Change53.53