Premier Oil Operations Update
Thursday 17 November 2016
Catcher on schedule for first oil in 2017 with total capex now estimated at $1.7 billion, 24% lower than at sanction; FPSO outfitting continues apace and well delivery remains ahead of prognosis.
Tony Durrant, Chief Executive, commented:
“Against a challenging commodity price backdrop, Premier continues to deliver operationally. The company is benefitting from a step change in production with a significantly lower cost base while excellent progress has been made on the Catcher project, which remains on track for first oil next year."