Premier finds RI's gas

Premier finds RI's gas

LONDON (Reuters): Britain's Premier Oil Plc said yesterday it had made a natural gas discovery in the Natuna Sea Block A off Indonesia.

The Gajah Puteri-2 well, the first exploration well operated by Premier in Indonesia, has been suspended as a potential future gas producer, the company said.

Three zones were successfully tested and produced a restricted aggregate flow rate of 35 million cubic feet per day of gas and 1406 barrels of condensate.

Preliminary evaluation of the drilling results, which were subject to additional technical work, suggested gas reserves in the range of 200-400 billion cubic feet.

The additional reserves will be marketed as part of the proposed sale of gas from the West Natuna Sea area to Singapore, Premier said.