ShippingWatch

Struggling UK oil company extracts first oil from North Sea field

After a huge debt buildup, UK oil company Premier Oil has now extracted first oil from the Catcher field in the North Sea.

Photo: Premier Oil/PR

After several years of exploration and building infrastructure, and thereby a billion US dollars in debt, UK oil company Premier Oil announced yesterday that it had extracted first oil from its new Catcher field in the North Sea.

The UK firm is thus on target with an investment which has reached USD 1.6 billion.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs