Company news from ShareCast

BG and Premier in North Sea oil find

Premier Oil has found oil at its wildcat well 34/5-1 S on the Norwegian Blåbaer exploration, near the Snorre field in the North Sea, although another target area turned out to be dry.

BG Norge AS, operator of production licence 374 S, discovered oil in the Lower Jurassic reservoir rocks (the Cook formation), but not in the Lower Jurassic to Upper Triassic reservoir rocks (the Statfjord formation).

Premier said the licensees will consider the resource potential by drilling an appraisal well as a sidetrack from well 34/5-1 S, which will then be permanently plugged and abandoned.

The UK-listed firm holds 15% equity in the Blocks 34/2c and 34/5c which contain the Blåbaer prospect, BG has 45%, Wintershall 20% and Petoro AS 20%.

Company news: Most read

BP hikes divi as profits jump - UPDATE
Tue 07 February 2012 10:02
Tuesday preview: BP and Xstrata
Mon 06 February 2012 17:16
Glaxo reports falling sales but raises divi - UPDATE
Tue 07 February 2012 11:51
Thursday preview: QE decision, Rio, BG, Diageo
Wed 08 February 2012 17:54
Lloyds announces 1,000 job cuts
Tue 07 February 2012 14:56

Deal shares from just
£5.95 per deal
Find out more »

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

Market latest

FTSE 100 | FTSE 250 | All Share

FTSE 100	5,895.47	+0.33%
FTSE 250	11,234.57	+0.65%
FTSE All Share	3,046.11	+0.39%
Dow Jones	12,890.46	+0.05%
NASDAQ	2,927.23	+0.39%
Xetra DAX	6,788.80	+0.59%
Paris CAC 40	3,424.71	+0.43%
Nikkei 225	8,979.20	-0.26%
Hang Seng	20,945.91	-0.31%