Premier Oil reports first oil from Catcher Area

1/2/2018

EDINBURGH -- Premier Oil has announced that first oil from the Catcher Area was safely achieved at 15.45 hours on Dec. 23, 2017.

Initial stabilized production from Catcher field will be at an expected rate of around 10,000 bpd. This will be ramped up in phases with production from the Varadero field followed by Burgman field, as previously guided. The phased approach allows for management of the well stock whilst commissioning of the gas processing modules and full water injection systems on the FPSO are completed. Production in the Catcher Area as a whole will increase to approximately 60,000 bopd during the first half of 2018, adding 30,000 bopd (net) to Premier’s daily production.

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