LONDON – Premier has agreed to acquire a further 3.75% interest in licenses PL089 and P534 onshore/offshore southern England, containing the Wytch Farm field, from Maersk Oil North Sea UK for £11.7 million (minus final completion adjustments).
Assuming UK government and third-party assents, Premier’s stake in the Wytch Farm field will rise to 33.8%.
Currently the field, operated byPerenco, is producing around15,000 boe/d.
Revised ownership in the licenses and in the Wytch Farm field will be as follows:
Licenses (PL089 and P534)
Wytch Farm field