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Acquired in May 2009 for US$505 million |
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Adds production asset base of 13,700 boepd |
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Complementary to Premier’s existing Central North Sea position |
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Strengthens capability via operatorship interests and team in Aberdeen |
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Portfolio of future developments provides source for growth |
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Work continues to reduce costs for the proposed Frøy development |
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Appraisal of the Bream discovery planned for summer 2009 |
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Additional exploration wells expected in the second half of 2009 |
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Premier’s first operated Norwegian well targeted in the second quarter of 2010 (Gardrofa prospect) |
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Current operated production of around 13,000 boepd from five fields |
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Infill drilling and upside potential to be exploited |
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Third party volumes will provide additional income |
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Own discoveries to be tied-in to Balmoral infrastructure |
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