North Sea operator Premier Oil saw tens of millions pounds wiped off its market value yesterday amid speculation suggesting some of its lenders were baling out.
Premier Oil today confirmed first oil for its Solan field.
Helicopter operator Bond has won a three year North Sea contract with Premier Oil to transport workers to its offshore platforms.
Premier Oil has issued a public notice after it applied to DECC (Department of Energy and Climate Change) for a permit to use and discharge chemicals in connection with the Solan field.
Premier Oil has revealed its production levels are ahead of expectations.
Premier Oil has taken full ownership of the Solan field. The UK-listed oil company acquired the 40% stake in the field which it did not already own. It purchased Chrysador’s interest in the Solan field, West of Shetland, for nil upfront consideration.