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Premier buys UK North Sea assets from BP for US$625 million

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14 January 2020

Premier buys UK North Sea assets from BP for US$625 million

Report summary

Premier Oil is to acquire BP's interests in the Andrew Area and Shearwater fields, both located in the UK Central North Sea, for US$625 million. The acquisition of the Andrew Area provides Premier with operatorship of a mid-life hub with ongoing development, while Shearwater will provide access to a strong operator and joint venture partnership with Shell and ExxonMobil. We see this as a good deal for both parties.

Table of contents

Tables and charts

This report includes 7 images and tables including:

  • Executive summary: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Upstream assets: Table 1

What's included

This report contains:

  • Document

    Premier buys UK North Sea assets from BP for US$625 million

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