Premier pumps Wytch Farm stake to 30%

Premier Oil plans to buy a 17.7% stake in Wytch Farm from BP for $96 million (£59m). The purchase would take its total interest in the Dorset oil field up […]

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By Vicky Ellis

Premier Oil plans to buy a 17.7% stake in Wytch Farm from BP for $96 million (£59m).

The purchase would take its total interest in the Dorset oil field up to nearly a third (30%).

The field, based in an Area of Outstanding Natural Beauty, currently produces around 13,000 barrels of oil equivalent per day.