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Premier Oil commits to advancing oil and gas technology development

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Energy Global,

Premier Oil, having been a member since 2011, is extending its membership to the Industry Technology Facilitator (ITF) by three years.

The operator will continue to play a key role in driving forward collaborative technology development and deployment initiatives. Premier Oil will work closely with BP, ExxonMobil, Lloyd’s Register Energy, Shell and Total, amongst other operators and service companies, in that mission.

Last year, the company achieved record production, maintained a low operating cost base and completed the acquisition of the E.ON portfolio. First oil was also achieved from Premier’s Solan field, located west of Shetland with discussions underway for further drilling campaigns in 2019 to improve production levels. In July, the company, together with its joint venture partners Talos Energy (operator) and Sierra Oil & Gas, announced it had made a world class oil discovery, offshore Mexico. Zama-1, located in Block 7, is the first offshore exploration well to be drilled by the private sector in Mexico’s history. Premier holds a 25% interest in the block.

Going forward, Premier has significant well plugging and abandonment (P&A) activity and will be speaking at ITF’s Well Abandonment Technology Solutions conference session, part of the Decommissioning Theatre at SPE Offshore Europe, about its plans and technology challenges.

Premier Oil’s Technical Project Authority, Tammie Sebire, recently joined ITF at its Innovation Network ‘Tech Talk’ to provide an overview of industry needs from an operator perspective. The regular events, focused on a diverse range of industry challenges, provides a platform for developers to showcase innovative and leading technologies to ITF members and the wider industry.

Dr Patrick O’Brien, ITF’s CEO said: “Premier Oil is a pioneering company. Like all our members, it is committed to sourcing and adopting new technologies that can reap rewards by safely cutting costs and improving efficiency. The company recognises that in today’s cost constrained environment, collaboration is key to fast track solutions and challenge the industry’s risk averse culture.”

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