BP sells North Sea assets

E&P company Premier Oil acquires North Sea assets from British oil firm BP.

Photo: Russell Cheyne/Reuters/Ritzau Scanpix

BY RITZAU FINANS & MATHIAS JULIUS FALKENGAARD

Published: 07.01.20 at 13:42

British oil company BP has sold assets in the North Sea to exploration and production firm Premier Oil for GBP 625 million.

Premier Oil is to finance the acquisition by issuing shares worth GBP 500 million.

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