Britain's Premier Oil Plc said on Monday it was looking to buy U.K. North Sea assets, after the Sunday Times reported that it was preparing to tap shareholders for cash to help it buy about $1.5 billion worth of oil fields.The company's shares fell as much as 12…
Britain's Premier Oil cut debt to $2.3 billion at the end of 2018, below a previous forecast of $2.4 billion, it said in a trading update on Thursday.Premier's full-year production of 80,500 barrels of oil equivalent per day (boepd) came in…
Japanese offshore drilling company Japan Drilling Co., Ltd. (JDC) has entered into a drilling contract with Premier Oil for the provision of the Hakuryu-11 jack-up drilling rig.JDC announced in a press release that that its subsidiary company 'P…
Christmas came early for Premier Oil and its Catcher development partners. First oil was achieved from the field's FPSO today (23 December), according to FPSO owner and operator BW Offshore. BW Catcher FPSO…
CATS Management Limited (CML) has signed a heads of terms with Premier Oil and Dana Petroleum to develop the infrastructure for the Tolmount field in the Southern North Sea. CML and Dana Petroleum will jointly construct and own the Tolmount platform and export pipeline in equal shares…
Premier Oil has entered into an infrastructure partnership for the Tolmount gas development in the Southern North Sea, as the company looks to deliver first oil from Catcher in 2H 2017. Map of Catcher…
Premier Oil awarded Wood Group a contract to deliver front-end engineering design (FEED) to the Tolmount offshore field development in the Southern North Sea. Effective immediately, Wood Group will provide topsides, jacket, pipeline…
Wood Group has been awarded a US$50 million contract with Premier Oil, to deliver topside operations and maintenance services to the Balmoral floating production vessel (FPU) in the central North Sea and the Solan installation, West of Shetland…
Ocean Rig has reached a US$25 million settlement agreement with Premier Oil and Noble Energy over disputed invoices for the Eirik Raude semisubmersible. Image of the Eirik Raude, from Ocean Rig…
GE Oil & Gas has been awarded a contract with Premier Oil Indonesia, for subsea trees and wellheads for the Bison, Iguana and Gajah Puteri (BIGP) fields, in the Natuna Sea. The scope covers subsea trees and wellheads, rental tools and…
The UK's Oil and Gas Authority has approved a license renewal for the Bagpuss and Blofeld License P.1943 into a second, four-year term. Maersk Oil North Sea UK has now dropped out of the license, with its 25% interest being reassigned to the remaining partners…
Premier Oil's Catcher North Sea floating production project is on schedule for startup later this year with a 29% reduced capital budget compared to when it was sanctioned, at US$1.6 billion. The Catcher area is expected to produce 96 MMboe…
Maersk Oil is to drop its heavy oil Bagpuss and Blofeld License, P.1943, in the UK North Sea, according to partner North Sea Energy. The move follows UK independent Premier Oil resigning as operator on the Bagpuss joint venture, effective at the end of this year…
UK independent Premier Oil is resigning as operator on the UK North Sea Bagpuss joint venture effective at the end of this year. Premier will also sell its 40.1% interest to newly formed firm, Aberdeen-based Reach Halibut, subject to approval by the joint venture partners…
GE Oil & Gas subsidiary, PT. VetcoGray Indonesia, has been awarded a field decommissioning contract with Premier Oil Indonesia, to support the shut-down of four subsea wells in the Anoa field, offshore Indonesia. The deal will see GE…
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