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Premier completed the sale of its non-operated interests in the producing Scott, Telford and Rochelle fields to MOL Group


North Sea

22 December 2014

Stellar Energy Advisors is pleased to announce Premier has now completed the sale of its non-operated interests in the producing Scott, Telford and Rochelle fields to MOL Group.

For the full press release please see: http://www.premier-oil.com/premieroil/media/press/update-on-asset-disposals

Dave Fassom said it was a challenging commission given the large abandonment provisions that were required to be underwritten, however Stellar were able to introduce several qualified companies to the process which ultimately led to the successful sale to the MOL Group.

Stellar Energy Advisors acted for Premier Oil in the transaction with MOL.