Premier Oil plans rights issue for buying spree towards 100,000 bpd
Share:
LONDON (Reuters) - Premier Oil is set to buy stakes in North Sea oilfields Andrew and Shearwater from BP for $625 million (475 million pounds) and increase its stake in the Tolmount gas project in a deal with Dana worth $191 million, it said on Tuesday.Premier said the acquisitions would generate more than $1 billion in free cash flow by the end of 2023, push its output above 100,000 barrels of oil equivalent per day by next year and add 82 million barrels of reserves and resources to its..