Sail away of the FPSO Voyageur Spirit

PREMIER OIL plc

("Premier" or "the Company")

Sail away of the FPSO Voyageur Spirit

1 October 2012

As announced by Sevan Marine ASA earlier today, Premier is pleased to note that the tow of the FPSO Voyageur Spirit from the Nymo upgrade yard at Eydehavn, Arendal to the Huntington field in the UK North Sea has commenced. The Voyageur Spirit let go of the moorings at 07:50 hrs on Sunday 30 September and is estimated to arrive at the Huntington field on Thursday 4 October.

The Huntington partners are E.ON E&P (operator, 25%), Premier (40%), Noreco (20%) and Carrizo (15%).

Enquiries

Premier Oil plc 0207 730 1111

Simon Lockett

Tony Durrant

Pelham Bell Pottinger PR 0207 8613232

Gavin Davis

Henry Lerwill