Premier Oil reports strong production performance year-to-date averaging 36,800 boepd, up 5% from the corresponding period last year.

Average working interest production for the period from 1st January 2008 to 31st October 2008 was 36,800 boepd (2007 FY 35,750 boepd). This is close to the estimated full-year rate and in line with previous guidance.

Recent production data reflects strong performance from the Anoa field in Indonesia and the Wytch Farm and Kyle oil fields in the UK. Demand for gas from our Pakistan fields remains strong.

A number of initiatives are under way to maintain output from our portfolio of producing fields into 2009.

A four-well work over programme has added 300 bopd (net) to Anoa oil production in 2008. The plan for 2009 includes two workovers on the Eastern Lobe structure, three new gas producing wells on the West Lobe structure and a horizontal oil development well in an unexploited fault block. In total, the programme is targeting an additional 100 BBtud of gas deliverability and up to 2,000 bopd (gross). On the Kakap field, new subsea tie-ins are planned, including the Lukah discovery.

Simon Lockett, Chief Executive, commented, “We continue to see good progress on our key development projects which will drive underlying growth. Our 2009 exploration programme provides material upside. In the current environment, we are well placed to pursue acquisition opportunities.”

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