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BP sells North Sea oil fields for $625m

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Premier Oil has signed a deal to buy some of BP’s oil fields in the North Sea for $625m.

The deal includes five fields in the Andrew Area which is roughly equidistant between Scotland and Denmark.

“These acquisitions are materially value accretive for Premier and are in line with our stated strategy of acquiring cash generative assets in the UK North Sea,” said Premier boss Tony Durrant.




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