Premier Oil Provides Indonesia Drilling Update

Friday, May 04, 2007

The Gajah Sumatera-1 exploration well in Natuna Sea Block A has been drilled to a total depth of 2,387 metres. While the well encountered some gas shows while drilling, wireline logs indicate that no significant hydrocarbons were encountered and the well has been plugged and abandoned.

Following completion of operations on the Gajah Sumatera-1 well, the Seadrill-5 rig has moved to the Anoa field where it will conduct a workover on an existing well, before drilling a development well to exploit the oil discovered last year in Anoa's Central Lobe.

Simon Lockett, Premier's Chief Executive, commented:
"The Seadrill-5 now moves on to development activity to support existing

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