Premier Oil FY17 outlook was very close to our expectations. Most assets are performing very well but, as anticipated, Solan production remains constrained until 2018. The Catcher field remains on track for first oil in late 2017 and the latest development well has been tested at a constrained rate of 8 mbbl/d. With the wells delivering flow rates above expectations, the overall cost of the project has again been reduced. The 2017 exploration programme looks much more interesting than we anti
13 Jan 2017
An exciting 1H17 drilling programme
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An exciting 1H17 drilling programme
Harbour Energy Plc (HBR:LON) | 282 -21.4 (-2.6%) | Mkt Cap: 2,172m
- Published:
13 Jan 2017 -
Author:
Stephane Foucaud -
Pages:
6
Premier Oil FY17 outlook was very close to our expectations. Most assets are performing very well but, as anticipated, Solan production remains constrained until 2018. The Catcher field remains on track for first oil in late 2017 and the latest development well has been tested at a constrained rate of 8 mbbl/d. With the wells delivering flow rates above expectations, the overall cost of the project has again been reduced. The 2017 exploration programme looks much more interesting than we anti