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Premier Oil secures rig contract for 2015 Falklands drilling

Reuters - UK Focus

LONDON, June 4 (Reuters) - Oil explorer Premier Oil (LSE: PMO.L - news) said it has contracted a rig for its exploration programme in the Falkland Islands where it will drill at least four wells starting in the second quarter of next year.

The energy firm also discovered more gas at its Tuna Block offshore Indonesia which has increased the site's gross resource estimate to 100 million barrels of oil equivalent, it said on Wednesday.

Falkland Oil and Gas Limited (Other OTC: FLKOF - news) announced in a separate statement it would share the rig in the Falklands, participating in a six-well exploration programme, which includes three Premier Oil-operated wells and another two operated by Noble (NYSE: NE - news) .

(Reporting by Karolin Schaps)