LONDON – Premier has sold interests in three UK central North Sea fields to Hungary’s MOL for $130 million.
The package, which takes in six licenses, includes 21.8% of the Scott field and respectively 15% and 1.6% of the Rochelle and Telford fields, both developed as tiebacks to the Scott platform. Combined net production from the fields this year has been 3,700 boe/d.
In addition, MOL will assume the liabilities for future abandonment costs. The transaction remains subject to UK government approval.