Premier Oil

Premier Oil discovered a gross 75 ft of oil-bearing F3 sands at its Isobel Deep exploration well offshore the Falkland Islands (Malvinas). The sands had a higher reservoir pressure than expected, and produced oil similar in quality to oil found at the Sea Lion field, 30 km to the south. The well was drilled to a total depth of 8,289 ft. License PL004a is operated by Premier (36%) with partners Falkland Oil and Gas (40%), and Rockhopper Exploration (24%).