Premier Oil to Upgrade Catcher Reserves

Catcher FPSO (Photo: Premier Oil)
Catcher FPSO (Photo: Premier Oil)

Premier Oil will announce a second reserves upgrade for its Catcher oilfield in the UK North Sea at the end of the year, Chief Executive Officer Tony Durrant told Reuters on Thursday.

The field has reached a plateau production rate of 70,000 barrels of oil equivalent per day, Durrant said in a telephone interview after Premier reported a rise in first-half profit.

"We're certainly working off higher reserves numbers. We will generate another reserve upgrade at year end, we already upgraded last year," Durrant said regarding Catcher.


(Reporting by Ron Bousso; editing by Jason Neely)

Current News

Exxon Looking to Explore Trinidad and Tobago For Offshore Oil

Exxon Looking to Explore Trini

SLB Gets CCS Job in North Sea for BP, Equinor and TotalEnergies JV

SLB Gets CCS Job in North Sea

CEP Makes ‘Significant’ Oil Discovery Offshore Poland

CEP Makes ‘Significant’ Oil Di

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

Pandion Energy Divests Interes

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine