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Premier abandons BP deal in North Sea after takeover

Published 06/10/2020, 09:17
Updated 06/10/2020, 09:20
© Reuters.
BP
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HBR
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LONDON (Reuters) - Premier Oil (LON:PMO) will not go ahead with its plans to acquire North Sea oil and gas fields from BP (LON:BP) for $210 million after Premier was taken over by rival Chrysaor, the firms said on Tuesday.

"Premier has informed us that they will not now proceed with their purchase of interests in Andrew & Shearwater. We will therefore retain ownership and will be considering our options for the future of the assets," BP said in a statement.

 

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