Premier has signed to take 20% stakes in the Mubadala-operated Andaman I and South Andaman blocks in the little-explored N. Sumatra Basin, offshore Aceh. Of note, the UK player operates the nearby Andaman II block.
Premier confirmed it had signed an agreement with operator Mubadala to earn a 20% interest in South Andaman and Andaman I blocks PSC split PSC.