Premier Oil Drops Tolmount Deal with Dana

Shanima A
Thursday, July 2, 2020

Premier Oil said on Thursday it will not acquire the additional 25% interest in the Tolmount gas project from South Korea's Dana Petroleum, while its creditors approved the acquisition of BP's North Sea assets under the amended terms.

The UK-based oil and gas producer's creditors have approved the acquisition of the Andrew Area and Shearwater assets after BP last month agreed to discount the price of the North Sea assets it was selling to Premier Oil, the company said.

 (Reporting by Shanima A in Bengaluru; Editing by Shailesh Kuber)


Categories: Energy Mergers & Acquisitions Industry News Activity Europe

Related Stories

PGS Rejects TGS' 'Opportunistic' $600M Offer for Seismic Data Library

Stena Carron Drillship Set to Begin Drilling at Kaieteur Block, Offshore Guyana

Well Intervention Market Overview

Current News

PGS Rejects TGS' 'Opportunistic' $600M Offer for Seismic Data Library

Norway's Offshore Safety Regulator Targeted by Phishing Attack

DOF Subsea Scores Multiple Vessel Charters in Atlantic Region

RWE Wants CfDs for German Offshore Wind

Subscribe for OE Digital E‑News