From todays Premier Oil's interim report, I hope it is of some interest......
Africa
In the first half of 2005, progress continued with the offshore Chinguetti field
project in PSC area B, some 90km west of the Mauritanian capital Nouakchott.
Currently the project is around 85 per cent complete, in line with the plan to
deliver first oil early in 2006.
The field has proven and probable reserves estimated at around 120 million
barrels of oil and the capital investment expected to execute phase-1 is
currently estimated at around US$700 million. Premier equity in the field is
8.12 per cent and the initial production rate is expected to be about 75,000
barrels of oil per day (6,100 bopd net to Premier).
In drilling a gas disposal well, as part of the Chinguetti development project,
the Banda field was successfully tested and flowed at 33 mmscfd.
The 2005 exploration and appraisal campaign started with the Tiof-6 appraisal
well (Premier 9.23 per cent) which flowed at 9,500 bopd. Further appraisal and
development options are under consideration by the joint venture.
In August, the programme continued with the drilling of Sotto and Espadon,
neither of which proved to be hydrocarbon bearing. The Stena Tay rig has now
moved to the Tevet-2 well location as part of a three well programme designed to
test different exploration plays in PSC A and PSC B, beginning with Tevet-2
which has the double objective of appraising the 2004 Tevet discovery and
exploring a deeper target.
HDR
hardman resources limited
