Oil and gas explorer Premier Oil is preparing to sell off its entire stake in Premier, the largest onshore oilfield in western Europe, for $200m, as it seeks to reduce its $2.7bn debt pile. The 33.8% stake will be sold to independent North Sea explorer Verus Petroleum, according to reports.
Oil and gas explorer Premier Oil is preparing to sell off its entire stake in Wytch Farm, the largest onshore oilfield in western Europe, for $200m, as it seeks to reduce its $2.7bn debt pile. The 33.8% stake will be sold to independent North Sea explorer Verus Petroleum, according to reports.