Premier Oil has sold its Pakistan business for $65.6 million

March 28, 2019

EDINBURGH -- Premier is pleased to announce that it has completed the sale of Premier Oil Pakistan Holdings BV, which comprises Premier’s Pakistan business, to Al-Haj Energy Ltd. This follows the receipt of necessary approvals and finalization of working capital adjustments.

In total Premier has received the full consideration of US$65.6 million for the sale including deposits and completion payments paid by the buyer and net cash flows collected by Premier since the economic date of the transaction.

Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.