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Premier Oil: Rochelle field achieves first gas

Premier Oil’s (LON:PMO) 15% owned Rochelle field in the North Sea has achieved ‘first gas’.

State backed Chinese oil firm CNOOC, via its now wholly owned Nexen Petroleum UK, announced the key milestone had been achieved today.

Nexen, the project operator, explained that the initial production is coming from the West Rochelle well of the field and drilling continues on the Rochelle East well.

The two wells, located about 115 miles north-east from Aberdeen, will be hooked into the nearby facilities of the Scott field.

Premier owns 15% of the Rochelle field and 21.83% of Scott.

Nexen owns 41% of Rochelle, alongside the other major partner Endeavour International (LON:ENDV, NYSE:END).

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