Premier produces its first gas from Indonesia field

FTSE 250-listed Premier Oil yesterday announced its first gas production at the Gajah Baru field in Indonesia.

Premier achieved first gas after receiving the ministerial consent to complete commissioning at a rate of up to 50bn British thermal units per day (bbtud), it said in a statement yesterday.

The firm also said its previously announced gas swap documentation to deliver gas to domestic buyers is being completed, as per requests by the government of Indonesia.

Premier has a 28.67 per cent equity stake in the Natuna Sea Block A in the field, and operates its on behalf of its three partners KUFPEC, Hess and Petronas.