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Premier Oil Hits Record Output with Newly Added North Sea Assets
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Premier today provides an update on recent operational activities and guidance in respect of its half year financials to 30 June 2016. T
Highlights: Strong production of 61.0 kboepd, with recent record rates above 80 kboepd; full year production expected to be at or above the upper end of earlier guidance of 65-70 kboepd Solan ramping up to 14 kbopd from P1, currently at 11 kbopd; P2 completed, successfully tested and will be tied in shortly Integration of E.ON UK assets completed; portfolio performing strongly Catcher on schedule with the FPSO hull now in Singapore; further cost reductions secured, with capex now 20 per cent lower than at sanction Opex for the period of $16/boe, 14 per cent below budget; weaker sterling exchange rate will reduce cost of sterling denominated opex, capex…- ✓ Full news archive — U.S., Canada & international coverage
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