Oil Survey Contract

Premier Oil (UK) has awarded the Norwegian survey company Ocean Installer a contract to perform offshore survey operations in support of the development of the Solan oil field. The work is scheduled to take place in September/October 2012 and Ocean Installer will make use of the long-term chartered construction support vessel (CSV) Normand Clipper.

The Solan field is located in the UK North Sea, west of the Shetland Islands (block 205/26a), at a water depth of approximately 137 metres. Premier is the operator of the Solan field, where production is estimated to commence in the fourth quarter of 2014.