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Premier Oil commits to advancing oil and gas technology development through ITF

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Oilfield Technology,

The Industry Technology Facilitator (ITF) boasts a growing and diverse group of prominent industry players dedicated to working together to solve complex technical challenges in the oil and gas sector. Premier Oil, which has been a member since 2011, is extending its membership to the organisation by three years.

The London-based operator, which has significant developments in the North Sea and beyond, will continue to play a key role in driving forward collaborative technology development and deployment initiatives. Premier Oil will work closely with BP, ExxonMobil, Lloyd’s Register Energy, Shell and Total, amongst other operators and service companies, in that mission.

Premier Oil is a global, independent upstream E&P company with oil and gas interests in the North Sea, South East Asia, the Falkland Islands and Latin America. In the North Sea, it operates the Tolmount and Babbage gas fields located in the Southern North Sea, Huntington and the Catcher field, located 110 miles east of Aberdeen, which is expected to produce first oil later this year. It recently announced a rise in the estimate of how much crude that project is likely to produce at peak by 20 per cent to 60 000 boe/d after recent successful test results.

Last year, the company achieved record production, maintained a low operating cost base and completed the acquisition of the E.ON portfolio. First oil was also achieved from Premier’s Solan field, located west of Shetland with discussions underway for further drilling campaigns in 2019 to improve production levels. In July, the company, together with its joint venture partners Talos Energy (operator) and Sierra Oil & Gas, announced it had made a world class oil discovery, offshore Mexico. Zama-1, located in Block 7, is the first offshore exploration well to be drilled by the private sector in Mexico’s history. Premier holds a 25% interest in the block.

Going forward, Premier has significant well plugging and abandonment (P&A) activity and will be speaking at ITF’s Well Abandonment Technology Solutions conference session, part of the Decommissioning Theatre at SPE Offshore Europe, about its plans and technology challenges.

Premier Oil’s Technical Project Authority, Tammie Sebire, recently joined ITF at its Innovation Network ‘Tech Talk’ to provide an overview of industry needs from an operator perspective. The regular events, focused on a diverse range of industry challenges, provides a platform for developers to showcase innovative and leading technologies to ITF members and the wider industry.

Dr Patrick O’Brien, ITF’s CEO said: “Premier Oil is a pioneering company. Like all our members, it is committed to sourcing and adopting new technologies that can reap rewards by safely cutting costs and improving efficiency. The company recognises that in today’s cost constrained environment, collaboration is key to fast track solutions and challenge the industry’s risk averse culture.”

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