Premier scales back offshore Kenya operations

Premier Oil has relinquished its 20% interest in the L10A exploration block offshore Kenya, following a review of prospectivity.

Offshore staff

LONDON – Premier Oil has relinquished its 20% interest in the L10A exploration block offshore Kenya, following a review of prospectivity.

The company is retaining its 25% equity in adjacent block L10B,operated by BG Group, where the partners continue prospect maturation. A “drill-or-drop” decision is due to be made by mid-2014.

12/09/2013

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