Chrysaor to Take Over Premier Oil, Creating UK North Sea’s Biggest Producer
Transaction Type
Sellers
Basin
UK North Sea
Announce Date
Post Date
Close Date
Estimated Price
$2,700.0MM
Description
Acquired Premier Oil through a reverse takeover set to create the British North Sea’s largest oil and gas producer; Premier’s approximately US$2.7 billion of total gross debt and certain hedging liabilities will be repaid and cancelled on completion.