Feb. 24, 2021
Source: world oil

Premier Oil to rejoin UK offshore just in time for oil price surge

Premier Oil Plc, indebted North Sea driller being swallowed by Chrysaor Holdings Ltd., will re-emerge as largest independent oil and gas producer among UK stocks just as global crude market roars back. Harbour’s president will be Phil Kirk, who founded Chrysaor in 2007 with help from Barclays Plc and a U.S. private equity fund. Chrysaor buying assets from Royal Dutch Shell Plc, and after further acquisitions has become the No. 1 oil and gas producer in Britain.

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