The company said output during November and December was above forecast at 92,000 boepd, and, set a new record rate of 98,700 boepd on December 4.
It said that the record was driven by “high uptime” across its production portfolio. Premier, in particular, noted that its 50% owned Catcher field had flowed an average of 68,000 boepd during November and December to date.
The oiler added that it continues to forecast full-year production of around 80,000 boepd. It also noted that, as communicated previously, 30% of 2019’s production has been hedged at US$70 per barrel.
The company, meanwhile, said that the Zama-2 appraisal well is expected to reach targeted reservoir early in the New Year.
It also highlighted that its Seirra Oil & Gas, a partner in Zama with 40%, is to be acquired by DEA which is separately Premier’s partner (also with 40%)in the nearby exploration area hosting the Wahoo and Cabrilla prospects. A 3D seismic programme is planned for 2019.
Premier additionally confirmed the completion of its deal to sell the Babbage assets, which yielded 2,500 barrels of oil equivalent per day.