Premier Oil plc reported it produced an average 61.2 kboepd for the first 11 months of 2020 and expected to meet its full-year guidance of 61‐64 kboepd. The company, currently engaged in a reverse takeover with Chrysaor, said 2021 production would be marginally higher at 61-66 kboepd, reflecting new production its operated Tolmount gas field […]
Tag: Chrysaor
Premier Oil planned deal with Chrysaor clears $2.7bn debt
Premier Oil is to be sold to Chrysaor in a reverse takeover which would solve the independent UK upstream company’s existing $2.7bn debt. The new company would have a combined production of over 250 kboepd (30 June 2020), combined 2020 H1 revenue of $1.76bn and H1 EBITDAX of $1.27bn, and operating costs of $10.5/boe in […]