Premier Oil to rejoin UK offshore just in time for oil price surge

World Oil | Feb 23, 2021 at 1:00 AM
  • Premier Oil Plc, the indebted North Sea driller being swallowed by Chrysaor Holdings Ltd., will re-emerge as the largest independent oil and gas producer among UK stocks just as the global crude market roars back.
  • It also has assets in Asia and Latin America and has been working to get a project off the ground in the Falklands.
  • The new vehicle’s emergence on the UK stock market also comes as multiple large oil producers start to scale back spending on fossil fuels in a transition toward low-carbon energy.