Offshore staff
LONDON – Premier Oil’s creditors have approved the company’s acquisition of BP’s interests in the producing Andrew Area and Shearwater fields under amended terms.
However, the transaction remains conditional on finalization of the sale and purchase agreement, refinancing of Premier’s existing credit facilities, equity funding, and other approvals.
In a separate development, the company has decided not to acquire an additional 25% interest in the Tolmount gas field in the UK southern North Sea from Dana Petroleum, following the termination of the escrow agreement at the end of last month.
07/02/2020
