News
07 January 2020

Premier Oil to buy oilfield stakes from BP - but creditor opposes financing

In:
Oil & gas
Region:
Europe

London-headquartered 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 in a deal with Dana worth $191 million.The deals would generate more than $1 billion in free cash flow by the end of 2023,...

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