Premier Oil Reports End of Drilling at Block 28/10

Premier Oil, a UK based independent, has reported in its press release thet the Coaster exploration well on UK Block 28/10 (Premier equity 50%) has reached a total depth of 5684 feet and is being plugged and abandoned as a dry hole.

A total of 17 feet of Tertiary sandstones were encountered but these were shown to be water wet on logs.

The next exploration well to be drilled by Premier in the North Sea is the Spaniards East well on UK block 15/25a, which is due to spud in September.

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Offshore Nieuws Staff, June 25, 2012