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Premier Oil raises resource estimate for Zama field

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(Reuters) – Britain’s Premier Oil Plc on Thursday “significantly” increased its resource estimate for the Zama field offshore Mexico, a month after it raised its total production guidance for 2019.

Premier Oil revised its gross resource estimate of the Zama field wells to 670-810-970 million barrels of oil equivalent.

Premier Oil shares were 3.5% higher at 80.9 pence at 0701 GMT.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Rashmi Aich)

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