Tens of thousands of barrels of new oil are now coming from the Catcher development off the northeast coast of Scotland, Premiere Oil said Wednesday. Premiere said initial production from its floating production, storage and offloading vessel parked over the three fields that make up the Catcher area will be around 10,000 barrels per day. A peak rate of around 60,000 bpd is expected during the first half of 2018. Tony Durrant, the company’s chief executive, said first oil was achieved on time and, at $1.6 billion, almost 30 percent under budget. “Catcher is an example of Premier Oil’s capability to deliver full cycle FPSO projects from exploration through to […]