Premier Oil starts gas production in Indonesia

Premier Oil announced it has started its gas production in the Pelikan field in Indonesia.

The group said both its Pelikan and Naga fields are expected to deliver additional reserves into Singapore under its long-term gas contracts.

Premier Oil believes the delivery of the two fields will increase its operational flexibility and grow the number of volumes supplied to meet growing market share.

Looking ahead, the FTSE 250 oil company expects to be able to respond to increased Singapore or domestic gas demand.

Shares in Premier Oil fell 2.77% to 150.7p on Tuesday at 08:30.