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Oil & Gas / Asia

Premier Oil completes £50m sale of Pakistan business

UK-based Premier Oil has completed the sale of its Pakistan business. Premier has divested Premier Oil Pakistan Holdings to Al-Haj Energy for £50 million. It follows the receipt of necessary approvals and finalisation of working capital adjustments.
Mark Lammey By Mark Lammey
28/03/2019, 7:00 am Updated: 28/03/2019, 7:17 am
Photo of Mark Lammey
Tony Durrant, CEO of Premier Oil
Tony Durrant, CEO of Premier Oil

UK-based Premier Oil has completed the sale of its Pakistan business.

Premier has divested Premier Oil Pakistan Holdings to Al-Haj Energy for £50 million.

It follows the receipt of necessary approvals and finalisation of working capital adjustments.

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