Premier Oil

Premier Oil discovered a net 81 ft of oil-bearing reservoir and a net 55 ft of gas-bearing reservoir at its Zebedee well, offshore the Falkland Islands (Malvinas). The well penetrated multiple targets in the Cretaceous F2 and F3 formations, with pay concentrated primarily in the Hector and Zebedee sands. Premier (36%) is the operator with partners Falkland Oil and Gas (40%), and Rockhopper Exploration (24%).