Capex Data
Planned spend on exploration and appraisal drilling and seismic in 2008 is US$110.0 million pre-tax (post-tax and recoveries: US$75.0 million).
Future Plans
Development Assets
• Major development projects progressing as planned to build Premier’s production to 50,000 boepd by end 2010.
• Chim Sao (Vietnam), Alur Siwah and Gajah Baru (Indonesia) expected to reach project sanction this year and on-stream in 2010.
Drilling Update
• Programme of approximately 18 development wells and up to 12 exploration and appraisal wells planned for 2008;
• Forward programme:
- Up to 24-month Vietnam campaign expected to commence in mid-March 2008;
- Monte Cristo-1 well in Philippines expected to spud 1Q 2008;
- Bream appraisal well in Norway expected to spud during March or April 2008;
- Significant development well programme in Pakistan includes accessing a number of deeper exploration prospects;
- Qadirpur deep testing programme scheduled for April 2008.
- Infill drilling at Wytch Farm, Scott and Chinguetti