Tag: Premier Oil plc

Saturday, November 19th 2016 - 10:15 UTC
Premier Oil refinancing and extending debt repayment dates

Premier Oil has pushed back its refinancing deal to the first quarter of 2017 but said lenders had largely agreed to new terms, including extending debt repayment dates in exchange for some control over which projects the company can invest in.
Friday, September 30th 2016 - 07:54 UTC
Falklands would claim 9% oil royalty per barrel plus 26% profit corporation tax

The Falkland Islands government would claim 9% royalty on one barrel of oil, plus 26% corporation tax on profit, confirmed Member of Legislative Assembly Roger Edwards this week.
Tuesday, August 23rd 2016 - 06:37 UTC
Premier Oil currently drafting a Project Proposal for oil production in the Falklands

The commercialisation of the Sea Lion Oil Field off the Falkland Island’s continues to take steps forward as Premier Oil prepares a detailed project proposal to be submitted to the Falkland Island’s Government (FIG). Premier Oil has been undertaking public consultations in the Falklands over the past week as part of their Environmental Impact Assessment, which will support their application to FIG to proceed with oil development.
Tuesday, March 29th 2016 - 19:48 UTC
UN announcement has no implications on sovereignty over the Falklands.

A statement released earlier this afternoon from the Falkland Islands Government regarding the UN announcement of the extension of the Argentine continental shelf states that the announcement makes “no adjudication on the sovereignty of the Falkland Island and has no implications for the sovereignty of the Falkland Islands”.
Thursday, March 17th 2016 - 06:01 UTC
Falklands' oil industry making steady advance 'with positive signs from Argentina', says GlobalData

Falkland Islands' oil and gas industry is making steady advancement in spite of global concerns about falling prices, according to new analysis by GlobalData. With positive signs coming from the neighboring Argentina, which recently witnessed a change in government, the Falklands is preparing to commercialize production of its first oil project, Premier Oil's Sea Lion.
Thursday, February 18th 2016 - 06:19 UTC
Falklands' oil industry continues to advance, despite current low prices

Despite current low oil prices, the oil and gas industry in the Falkland Islands is continuing to go from strength to strength as its first project, Premier Oil’s Sea Lion, moves closer to commercialization, according to an analyst with research and consulting firm GlobalData.
Friday, February 5th 2016 - 08:04 UTC
Falklands: Contractual dispute with rig company raises speculation over drilling program

The Falkland Islands government would not permit anything less than full and proper abandonment of exploration wells drilled by any operator in the Falkland Islands, stated Director of Mineral Resources Stephen Luxton this week, following news of a contractual dispute between Premier Oil and Ocean Rig over the drilling rig Eirik Raude.
Tuesday, January 19th 2016 - 08:06 UTC
Falklands oil explorers Rockhopper Exploration and FOGL completed merger

Two leading firms in Falkland Islands offshore oil exploration have completed their merger, it was announced on Monday.
Thursday, January 14th 2016 - 06:11 UTC
Falklands' Sea Lion development will utilize 18 wells to recover 220 mmbbls, anticipates Premier Oil

Premier Oil provided on Wednesday a Trading and Operations Update ahead of its 2015 Full Year Results which will be announced on Thursday 25 February 2016, which included an upbeat on its Falkland Islands operations mainly at the Sea Lion field.
Wednesday, November 25th 2015 - 07:50 UTC
Falklands' oil industry deal: Rockhopper will take over FOGL for £57.1m

Falkland Islands oil & gas explorer Rockhopper Exploration is launching a £57.1mln takeover of rival Falkland Oil & Gas. Rockhopper and FOGL have agreed a recommended all-share merger resulting in Rockhopper holding 65% of the enlarged group and FOGL owning the rest.