Drilling Update

RNS Number:5042S
Premier Oil PLC
26 November 2003



                                PREMIER OIL PLC
                                  ("Premier")

                    Premier Drills Successful Well in Pakistan

Premier is pleased to announce that a successful well has been drilled in the
Kadanwari gas field in Pakistan. The Kadanwari gas field is owned by the Tajjal
joint venture which comprises ENI Pakistan (M) Limited as operator with a
working interest of 18.42%, Premier and KUFPEC with effective working interests
of 15.79% each, and Oil & Gas Development Limited with a working interest of
50%.


The operator has drilled the step-out development well in the western Kadanwari
field area and has discovered gas at a new reservoir level within the Lower Goru
sandstone succession. The K-14 well penetrated a 28m gross gas-bearing section,
which has been tested at 15.5 MMscfd. It is being completed for tie-back as a
producer.


This discovery significantly increases remaining reserves in the field. Tie back
operations are expected to be completed in 2004 and production from this well is
expected to commence in 2005.


Charles Jamieson, Chief Executive of Premier, said:


"This discovery is a significant enhancement to the Kadanwari field, adding real
value to our portfolio in Pakistan."


                                                                26 November 2003




ENQUIRIES:

Premier Oil plc                                      Tel: [phone]
Charles Jamieson
John van der Welle


College Hill                                         Tel: [phone]
James Henderson



Background For Editors:


Premier Oil plc is a leading independent oil and gas company with producing
interests in the UK, Indonesia, and Pakistan. Exploration and appraisal is
ongoing in the UK, Indonesia, West Africa (Mauritania, Guinea Bissau and Gabon)
and South Asia (Pakistan and India).



The current partners and interests in the Kadanwari field are:


                                                       Kadanwari Field
ENI Pakistan (M) Ltd (Operator)                            18.42%
Oil & Gas Development Ltd                                  50.00%
PKP Exploration Ltd*                                       31.58%



* PKP Exploration Ltd is 100% owned by Premier-KUFPEC Pakistan B.V. Premier and
KUFPEC each hold 50% of Premier-KUFPEC Pakistan B.V. Premier's effective
interest in Kadanwari 15.79%.



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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