Premier Oil is hopeful of proving up more reserves around its upcoming Tolmount gas development in the southern North Sea as it prepares to start early engineering studies on a potential second platform.
Premier — led by chief executive Tony Durrant — is gearing up to spud an appraisal well in July on the Tolmount East prospect.
Tolmount East is targeting 220 billion cubic feet to 300 Bcf of gross unrisked resources, which would add to the 500 Bcf first phase of the Tolmount Main development, due on stream in late-2020.
