Should the find prove commercial, it would likely be exploited with a floating production, storage and offloading vessel.
The Kuda Laut wildcat, which was drilled by the semi-submersible Ocean General, proved up between 15 million and 20 million barrels of oil although more crude will be needed for a commercial project.
An FPSO development could be brought on stream “reasonably fast” subject to regulatory approval, according to Premier’s exploration director Andrew Lodge.
However,
