BP to sell North Sea assets to Premier Oil in £475m deal

It is the latest step in BP’s planned programme of £7.6bn of divestments by the end of 2020

Wood Group secures £40m Premier Oil contract

Wood Group has won a £40 million contract to provide operations and maintenance services in the North Sea. It has been awarded by Premier Oil for its Balmoral floating production vessel (FPV) in the Central North Sea and the Solan installation, West of Shetland. The two-year contract– which has three, one year extension options – […]

Green light for major North Sea oil field

A London-based oil and gas explorer has received final approval from the Government to develop a major field in the North Sea. Premier Oil will drill 22 wells at the Catcher field, which is located around 100 miles off the coast of Aberdeen. It is expected to produce around 96 million barrels of oil equivalent, […]

Aberdeen’s Xodus wins £1.3m North Sea contract

An Aberdeen-based energy consultancy firm has secured a £13 million contract to work on Premier Oil’s North Sea project. Xodus Group will conduct an underwater design study on the subsea architecture, pipelines, subsea control systems as well as provide technical safety and risk support. The Catcher field is said to be one of the larger […]

UK oil firm’s new North Sea discovery

An oil firm has announced a discovery at one of its exploration well in the UK North Sea, more than 150km offshore from Aberdeen. The Bonneville well was drilled to a total depth of 4,481 feet and Premier Oil found approximately 30 million barrels of oil, which it claims is in line with its pre-drill […]

Rockhopper presses on with Falklands oil

The UK’s Rockhopper Exploration has made clear it is pressing on with its Falklands oil project ­by announcing a deal to farm out some of the work to Premier Oil. Premier will pay $1billion (£647m) for a 60% stake in Rockhopper’s North Falkland Basin licences and take on a key role as operator at the […]

Scottish energy services company awarded £250 million North Sea contract

A Scottish energy services company has been awarded a major North Sea contract to deliver operations to the Balmoral floating production vessel. Wood Group PSN received the £250 million contract and will provide onshore and offshore operations and maintenance services to the production vessel situated to the North East of Aberdeen. Robin Watson, UK Managing […]

Premier Oil plucks Encore’s £221m North Sea business

UK oil firm Premier Oil is on course to spread its reach in the North Sea after agreeing to buy Encore Oil for £221million. The buy takes Premier’s interest in the Catcher area, one of the largest discoveries in the North Sea in recent years, to 50%. The purchase could tap into an extra 17 […]