Offshore

Major merger creates new British oil giant

Oil companies Chrysaor and Premier Oil reveal plans to merge their businesses into a single group. If successful, it would become the largest oil and gas listing on the London stock exchange.
Photo: Chrysaor
Photo: Chrysaor
by MATHIAS JULIUS FALKENGAARD

Combined, Chrysaor and Premier Oil extract more than 250,000 barrels per day, and if the two can pull off their plans to merge into a unified company, a new weighty player could soon hit the market.

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