Premier Oil sets record for North Sea production
Premier Oil doubled its North Sea production in 2016 and expects to make more increases this year. The refinancing of the company's record-high debt is also just around the corner, promises the CEO once again.
British oil company Premier Oil extracted a daily 71,400 barrels of oil equivalents (boe) last year. This marks a new record and almost 25 percent more than in 2015 for the company, which is one of the UK's independent oil and gas companies. The significant rise in production mainly took place in the North Sea, where 33,000 daily barrels were produced in 2016, which is twice as much as in the previous year.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Noreco nears liquidation: Sells last major asset
For subscribers
BP launches new drilling in the North Sea
For subscribers
Trudeau joins Obama in freezing arctic offshore oil drilling
For subscribers
.jpg&w=384&q=75){kind=logo}
