One-Page Deal Sheet
Premier Oil Inks $625MM Deal with BP for North Sea Assets
Premier Oil BP Plc
Announced Date
January 08,2020
Effective Date
January 01,2019
Transaction Type
Property
Enterprise Value (EV)($MM)
625
Asset/Basin:
["UK Central North Sea"]
TargetZones:
["Andrew Lower Creta
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
North Sea
Country
United Kingdom
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Premier Oil has signed a deal to acquire the Andrew Area and Shearwater assets from BP for $625 million.
This was announced in conjunction with another acquisition for Premier (click here to access it).
Deal Details Andrew Area (50%-100% interests in 5 fields, operatorship): currently producing 18,000 boepd (net to BP) with material near term upside through further development of the Andrew Lower Cretaceous reservoir Shearwater (27.5% interest): significant producing and infrastructure hub, adding 25 mmboe of reserves and resources with incremental investment opportunities and tariff…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-08-2020 |
-  |
- |
Click here | E&P | |
| Oct-16-2019 |
- |
- |
Click here | E&P | |
| Oct-01-2018 |
- |
- |
Click here | E&P | |
| Jul-03-2018 |
- |
- |
Click here | E&P | |
| Oct-24-2017 |
- |
- |
Click here | E&P |