(PKP). Premier and Kufpec unwound the PKP joint venture in July 2007. Petronas, the Malaysian oil company, decided to invest significant cash in the Company in 1999 buying a 25% stake. A restructuring took place in 200 which saw Petronas and Amerada Hess each give up their 25% holdings in Premier Oil in return for taking various Premier assets. Petronas received the Group's interest in Myanmar as well as stakes in Indonesian interests. Amerada Hess received a 23% stake in a key Natuna oil field in Indonesia. In 2004? the Company acquired a 75% stake in an oil interest in Vietnam. In April 2014, Premier rejected two secret bid approaches from Ophir Energy which wanted to combine both firms into an oil exploration group for around £3 billion. Premier Oil's board unanimously rejected the bid. In June 2014, the company received final approval from the UK Department of Energy and Climate Change for the development of the Catcher area oil and gas block in the North Sea, of which the company owns 50% and has operating rights. Oil was expected to be flowing by mid-2017. In January 2016, its shares were suspended pending an announcement, regarding potential acquisition of assets by Premier which might be regarded as a reverse takeover. Trading recommenced on 1 February 2016, with the company announcing that it had agreed to acquire the whole of E.ON's UK North Sea assets for a net consideration of $120 million. In July 2017, Premier Oil's shares rose nearly 40 percent on news it discovered potentially more than 1 billion barrels of oil off the coast of Mexico in the Zama-1 formation, a project in which it holds a 25 percent interest in the block alongside Talos Energy and Sierra Oil and Gas. In March 2021, it was announced that the company would be acquired by Chrysaor Holdings. In March 2021, Chrysaor Holdings and Premier Oil were merged and absorbed into Harbour Energy. Harbour Energy had been the largest shareholder in Chrysaor Holdings. Operations As of April 2017, the Company holds licence interests in the following countries: Brazil Falkland Islands Indonesia Mauritania Mexico Pakistan United Kingdom Vietnam See also List of companies based in London References External links Official site Oil and gas companies of the United Kingdom Companies based in the City of Westminster Non-renewable resource companies established in 1934 Companies listed on the London Stock Exchange Economy of