Tolmount

Premier Oil: Record UK production not enough to halt dip in pre-tax profits

Record levels of production from its North Sea assets were not enough to halt a drop in pre-tax profits for Premier Oil in 2019.

Joy for Premier Oil as near-perfect Catcher pays for itself

Premier Oil said today that its investment in the Catcher project had already been covered by production from the field.

North Sea pipeline owner Kellas sold to Blackrock, GIC

Private-equity firm Antin Infrastructure Partners has agreed to sell North Sea pipeline and terminal owner Kellas Midstream, headquartered in Aberdeen.

Premier Oil pressing on with projects during M&A ‘summer lull’

Premier Oil’s boss said yesterday that the company had lots to get on with in the North Sea without feeling the need to “chase acquisitions”.

Record production helps Premier Oil cut debt further, Zama stake up for sale

Record production levels helped Premier Oil put another dent in its debt pile in the first half of 2019.

Premier says new North Sea well imminent, keeps chipping away at debt

UK-headquartered Premier Oil said today that drilling of the Tolmount East appraisal well would start "imminently" in the southern North Sea.

‘Obvious benefits’ to more North Sea acquisitions says Premier boss

Premier Oil’s chief executive said yesterday the firm was “running hot” as it posted its first set of profitable results since 2013.

Premier Oil exceeds expectations with debt reduction drive

Premier Oil's debt reduction drive exceeded expectations in 2018, buoyed by record annual production.

Updated: Premier Oil reports ‘record production’ at Catcher

UK firm Premier Oil today hailed “record” production levels at its North Sea Catcher area.

North Sea helps Saipem bag £305million in contracts

CATS Management boss keeps eyes peeled for next opportunity

Pipeline and terminal owner CATS Management (CML) is on the lookout for the next opportunity to kick-start a North Sea project.

Exploration could double Tolmount gas reserves, Premier says

Premier Oil’s boss said yesterday that the Tolmount area in the southern North Sea had the potential to be a “big” asset for decades to come.

Updated: Premier Oil sanctions Tolmount development

Premier Oil said today that it had taken a final investment decision on the Tolmount gas field development project.

Premier Oil keeping tabs on North Sea acquisition opportunities

Premier Oil’s boss said yesterday that the company was in “good shape” to compete for North Sea acquisitions as its finances improve.

Premier Oil completes pipeline sale, board sanctions Tolmount

Premier Oil said today that it had completed the £17.3 million sale of its 30% stake in a North Sea pipeline system.

Shearwater wins scanning contract for Premier’s Tolmount field

Shearwater Geoservices has landed a deal to carry out 3D surveying for Premier Oil’s Tolmount field.

Tolmount project could be an example for others to follow, Premier says

Premier Oil's Tolmount project in the southern North Sea could act as a blueprint for other to follow, the firm's chief executive said today.

Premier ‘ahead of plans’ to restore financial health as H1 output jumps

Premier Oil boss Tony Durrant said yesterday the North Sea operator was “ahead of plans” to restore its financial health after notching up record first-half production levels.

Premier Oil forging ahead with North Sea Tolmount project

Premier Oil is pressing ahead with work on its £435million Tolmount project in the South North Sea

SNS 2017: Premier Oil ‘closing in’ on Tolmount investment call

Bosses at Premier Oil said yesterday that the firm was closing in on a final investment decision (FID) on one of the largest gas discoveries in the southern North Sea in recent years.