Two previously announced asset sales by Premier Oil have now been completed, the company said in a press release. The combined cash consideration of the two transactions is $147.5 million.
Premier has completed the sale of its nonoperated interests in the producing Scott, Telford and Rochelle fields in the U.K. North Sea to MOL Group for a cash consideration of $130 million before interim period adjustments. MOL has assumed the liabilities for future abandonment costs.
Premier also has completed the sale of its 30% stake in PL 359, which contains the Luno II discovery offshore Norway to Lundin for $17.5 million plus working capital adjustments.
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