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 $ 200 million , as it plans to reduce its $ 2.7bn debt pile . The 33.8 % stake will be sold to independent North gas company 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.