Premier Oil PLC Completion of Tuna farm down (8395M)
January 26 2021 - 2:00AM
UK Regulatory
TIDMPMO
RNS Number : 8395M
Premier Oil PLC
26 January 2021
Premier Oil plc
"Premier" or the "Company"
Completion of Tuna farm down
26 January 2021
Premier is pleased to announce that it has completed the farm
down of its interest in the Tuna PSC, offshore Indonesia to
Zarubezhneft. This follows receipt of Indonesian government
approval.
Under the farm down agreement, Zarubezhneft will carry Premier
for its share of a two well campaign to appraise the Tuna
discoveries, scheduled to commence in the second quarter of this
year.
In addition, Premier and Zarubezhneft have also secured
Indonesian government approval for a one year extension to the
exploration period of the Tuna PSC to March 2022.
Premier remains operator of the Tuna PSC, with the Company and
Zarubezhneft each having a 50 per cent interest in the licence.
Enquiries
Premier Oil plc
Richard Rose, Interim Chief Executive,
Finance Director
Elizabeth Brooks, Head of Investor Relations 020 7824 1116
Camarco
Billy Clegg
Georgia Edmonds 020 3757 4983
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