Premier Oil to Drill Block 12 in 2016/17

By John Lee.

In its half-yearly results, Premier Oil gave the following update on its operations in Iraq:

"In Iraq, work continues onshore Block 12, in which Premier was awarded a non-operated 30 per cent interest in November 2012. Block 12 is an 8,000 square kilometre block in the foreland of the Zagros fold belt, up-dip from producing fields.

"New 2D and 3D seismic data is being acquired and, subject to its interpretation, an exploration well will be drilled in either 2016 or 2017."

(Source: Premier Oil)

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