Premier Oil has confirmed it has sanctioned the development of a cluster of fields on Block A in the Natuna Sea off Indonesia.
The UK independent said in Thursday's full-year results announcement that its board has signed off on the development of the Bison, Iguana and Gajah Puteri (BIGP) fields.
London-listed Premier had been expected to make a final investment decision on BIGP this quarter, and has recently been handing out contracts related to the development.
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