Premier Oil has agreed to sell its 30% stake in the Esmond Transportation System pipeline in the North Sea to Cats Management for up to £23.6m. The consideration consists of an initial upfront payment of £21m on completion, plus a future potential payment of up to £2.6m linked to the achievement of certain key milestones in respect of any future development of the Pegasus field. Premier said proceeds from the disposal will be used to pay down its existing debt. The ETS pipeline was built to ...Den vollständigen Artikel lesen ...
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