BP sells North Sea assets to Premier Oil

BP WILL sell its full interest in the Andrews area in the UK’s North Sea and its non-operated interest in the Shearwater field to Premier Oil for US$625 million in a move opposed by the latter’s largest creditor.

BP sells North Sea assets to Premier Oil BP sells North Sea assets to Premier Oil BP sells North Sea assets to Premier Oil BP sells North Sea assets to Premier Oil BP sells North Sea assets to Premier Oil

 

Premier is also spending $264 million in a second transaction to buy assets owned by South Korea's Dana Petroleum.