Premier Oil to buy BP North Sea assets for $625 million

Premier Oil to buy BP North Sea assets for $625 million

Premier Oil is set to buy stakes in North Sea oilfields Andrew and Shearwater from BP for $625 million and increase its stake in the Tolmount gas project buying a bigger stake from Dana for $191 million, Premier said on Tuesday.

It also said it had extended its debt maturity timeline to the end of November 2023.

Source: Reuters

Published: 07-01-2020