Search results for: premier

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  • 1 February 2016
    Business & Finance

    Shares in UK-listed Premier Oil have now resumed trading on the London Stock Exchange after being suspended in January ahead of acquisition announcement of E.ON’s North Sea assets.  On January 13, 2016, Premier announced that it had agreed to acquire the whole of E.ON’s UK North Sea assets for a net consideration of $120 million plus […]

  • 20 July 2020
    Business & Finance, Business developments & projects

    Oil and gas company Premier Oil has signed sale and purchase agreements with oil major BP for the acquisition of its interests in the Andrew Area and its Shearwater assets, under revised terms announced in June.

  • 18 July 2017

    Premier Oil, a UK-based oil and gas company which has been working on debt refinancing for months, has made a crucial step in its efforts. The company on Tuesday said its schemes of arrangement had received final sanction at a hearing of the Court of Session in Scotland. Following the sanction of the schemes, the […]

  • 13 July 2018
    Equipment, Operations & Maintenance, Project & Tenders

    Dril-Quip’s European subsidiary, based in Aberdeen, has entered into a letter of intent with Premier Oil to provide subsea production systems for the Sea Lion Phase 1 development located offshore the Falkland Islands.  The scope of work includes plans for 23 subsea production systems, including wellheads, trees, control systems, associated production and injection manifolds, subsea umbilicals and […]

  • 4 May 2012

    Premier announces that the Stingray exploration well (15/13b-11) drilled on Licence P1212 (Block 15/13b) has reached a total depth of 2,129 metres and is being plugged and abandoned as a dry hole (Premier 50 per cent). The next exploration well to be drilled by Premier in the UK North Sea is the Carnaby well on […]

  • 5 April 2017

    Premier Oil, an oil company with the main focus on the UK North Sea, has agreed to sell its subsidiary in Pakistan to Al-Haj Energy Limited. The company, working to bring online its Catcher field in the North Sea this year, is selling Premier Oil Pakistan Holdings BV, deemed a non-core asset, for $65.6 million. […]

  • 30 June 2015
    Business & Finance

    Ampelmann will provide one of its offshore access solutions to enable “walk to work” for a commissioning campaign on Premier Oil’s Solan field, West of Shetland in the UK. Ampelmann’s E-type system will enable workers to walk onto the Solan platform from Siem Spearfish, the multi-purpose service vessel chartered by Harkand, the company hired by Premier Oil […]

  • 15 January 2016

    UK-listed Premier Oil has informed that its takeover of E.ON’s North Sea assets has been classified as a reverse takeover under the listing rules.  According to a definition on Investopedia, the reverse takeover is a type of merger used by private companies to become publicly traded without resorting to an initial public offering. Premier said on Thursday […]

  • 24 January 2020
    Business & Finance

    Premier Oil’s largest creditor, ARCM, has raised new concerns regarding Premier’s proposed acquisition of North Sea assets from BP and Dana Petroleum. 

  • 16 July 2018

    Dril-Quip has entered into a letter of intent with Premier Oil to provide subsea production systems for the Sea Lion Phase 1 Development.

  • 26 April 2012
    Business & Finance

    Premier has received approval of its Field Development Plan (FDP) for the Solan field (Premier 60 per cent, Chrysaor 40 per cent) from the Department of Energy and Climate Change. The Premier-operated Solan field, located on the UK Continental Shelf West of Shetland, is expected to produce approximately 40 million barrels of oil with an […]

  • 7 January 2015
    Project & Tenders

    The Petroleum Safety Authority (PSA) Norway has carried out an audit of Premier Oil and the Bream development. Bream is an oil discovery in block 17/12 in the central section of the North Sea, around 110 km from land south-west of Stavanger. The discovery was originally made by Phillips Petroleum Company Norway in 1972. The […]

  • 13 April 2016
    Business & Finance, Project & Tenders

    Independent oil and gas company Premier Oil has announced that first oil from the Solan field, in the UK North Sea, was achieved on April 12, 2016. According to the company’s statement on Wednesday, the first producer well (P1) is being naturally flowed at a deliberately restricted initial rate. It is planned that the well will […]

  • 13 March 2020
    Business & Finance

    In light of the current market volatility, Premier Oil is looking into its ability to reduce the capex program for 2020 with the possibility to save at least $100 million. 

  • 16 January 2020
    Business & Finance

    Premier Oil has received a court approval to go ahead with a plan to have its creditors vote to extend debt maturities and buy UK North Sea fields from BP and Dana Petroleum.

  • 1 July 2016

    UK oil company Premier Oil has informed that its lending group has agreed to defer and replace the test of its financial covenants. Premier, which is in discussions with the lending group on the terms of its existing financial facilities, said on Friday that the talks were progressing well and that the company’s test of financial covenants at […]

  • 15 May 2017

    UK North Sea Catcher field, Premier Oil’s crown jewel set to start oil production in 2017, might achieve higher plateau output rate than initially anticipated. According to Premier Oil, ten wells have been drilled to date at the project. The drilling results have led the operator to be optimistic that a higher plateau production rate […]

  • 23 December 2015
    Business & Finance

    Premier Oil, an independent exploration and production company, has completed the sale of Premier Oil Norge AS, which comprises all its Norwegian assets, to Det norske oljeselskap ASA for a net cash consideration of $120 million. Premier said in November, when the deal was made, that the proceeds from the deal would be used to pay down its debt and […]

  • 12 November 2015
    Business & Finance

    Subsea 7 has signed a long-term partnership frame agreement with Premier Oil to provide concept engineering, FEED, SURF project execution and Life of Field operations, on a preferred supplier basis. The agreement also enables Subsea 7 access to participate in relevant Premier decommissioning scopes. The agreement is applicable to the activities in the UK, Falkland […]

  • 26 April 2012
    Business & Finance, Operations & Maintenance

    Premier announces that it has received approval of its Field Development Plan (FDP) for the Solan field (Premier 60 per cent, Chrysaor 40 per cent) from the Department of Energy and Climate Change. The Premier-operated Solan field, located on the UK Continental Shelf West of Shetland, is expected to produce approximately 40 million barrels of […]

  • 3 October 2019
    Project & Tenders

    ODE Asset Management (ODEAM), a subsidiary of engineering and operations support services contractor ODE, has been appointed as an installation operator of the Tolmount Platform in the Southern North Sea.

  • 11 November 2015
    Project & Tenders

    Subsea 7 signed a long-term partnership frame agreement with Premier Oil to provide concept engineering, FEED, SURF project execution and Life of Field operations, on a preferred supplier basis. The agreement also enables Subsea 7 access to participate in relevant Premier decommissioning scopes. The company said that the agreement is applicable to the above-noted activities in the UK, Falkland Islands […]