Tag: Tony Durrant

• Friday, May 17th 2019 - 11:00 UTC

  Premier Oil finances improving and so are Falklands' Sea Lion project prospects

  

  Britain’s Premier Oil increased its 2019 production guidance on Thursday, saying output had been boosted by efficiency measures and a late sale from its now-divested Pakistan oil fields. The company said it now expects output to reach 75,000 to 80,000 barrels of oil equivalent per day (boed) this year, from up to 75,000 boed previously.

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• Friday, March 8th 2019 - 09:11 UTC

  Premier Oil reports 2018 profit as a result of record production

  

  UK-based oil and gas firm Premier Oil with interests in the Falkland Islands has announced its full-year results for 2018, reporting a post-tax profit hike to US$ 133.4m as a result of record production. These full-year results are a ‘return to profitability’ from 2017’s full-year loss of US$ 253.8m.

• Friday, January 25th 2019 - 09:59 UTC

  Premier Oil shares up on appraisal of its Zama deposit appraisal in Mexico

  

  Premier Oil shares were up on Thursday after the company updates the market on the successful completion of part of its Zama well appraisal program in the Gulf of Mexico. According to the update, the appraisal revealed 152 metres of net pay encountered above the oil water contact.

• Monday, January 14th 2019 - 06:40 UTC

  Premier record oil production helps significant cuts in its debts

  

  Premier Oil has taken advantage of its second consecutive year of record oil production to make larger than expected cuts into its still-significant debts. The London-listed oil and gas developer, with interests in the Falkland Islands, expects its financial results to reveal end-of-year debts of US$2.3 billion, after removing US$390 million from the total following a sharp rise in oil output.

• Saturday, November 17th 2018 - 08:56 UTC

  Premier Oil confident in reducing debt; begins drilling in Mexico

  

  Premier Oil said it expected full-year production to come in at the low end of a previously announced 80,000 to 85,000 barrels per day range. The company, with interests in the Falkland Islands and which has been focusing on cutting debts, also said its debt pile would shrink to US$ 2.4 billion by the year-end.

• Tuesday, August 29th 2017 - 11:36 UTC

  Premier Oil expects 2017 production in the range of 75.000/80.000 boepd

  

  Premier Oil has lifted its full-year production guidance as well as estimated resources at a huge oilfield it discovered off the coast of Mexico. Premier Oil, the operations of which stretch from Indonesia to the Falkland Islands, now expects 2017 production in the range of 75,000-80,000 barrels of oil equivalent per day (boepd), up from the previous forecast of 75,000 boepd, thanks to its strongly performing North Sea fields.

• Monday, August 28th 2017 - 07:52 UTC

  Falklands: Premier Oil is asking for export funds to develop Sea Lion, reports Financial Times

  

  The Financial Times is reporting that Premier Oil is negotiating with the UK government about securing export finance to fund just over half of the US$1.5bn investment needed to develop a large oilfield in waters north of the Falkland Islands. If all works out as planned first oil in the Falklands would be in 2021.

• Wednesday, July 12th 2017 - 20:12 UTC

  Premier and partners make world class oil discovery in Mexico. Shares soar more than 30%

  

  Premier Oil (with strong interests in Falklands' oil industry), together with its joint venture partners Talos Energy (Operator) and Sierra Oil & Gas, announced on Wednesday that the Zama-1 exploration well in Block 7, offshore Mexico, has made a world class oil discovery.

• 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, November 13th 2015 - 14:04 UTC

  Premier Oil defers project development and exploration spending into 2016

  

  The successful Falkland Islands' exploration company Premier Oil has cut full-year capital expenditure as the oil producer deferred some project development and exploration spending into 2016, it said on Thursday. Like its peers, Premier Oil has to reduce spending to cope with a halving in oil prices since a peak in June last year that has eaten into revenues.