Half Year Results 

Premier Oil finance costs rise

Premier Oil finance costs rise

After a period of disposals, stalled investments and endless bondholder meetings, Premier Oil (PMO) is starting to resume normal service. It’s a gradual process. Catcher is now at a 70,000 barrel-a-day (boepd) plateau, although rising output from the North Sea field in the first half of 2018 was more than offset by asset sales and mature field declines. Production fell 7 per cent year on year, thereby flattening cash flow generation.

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