How Premier Oil survived the oil price collapse, haggling bankers and a botched investment to return to growth

摘要

"Thrills and spills... I’ve been through a few of those," says Tony Durrant. The chief executive ofPremier Oil isn’t kidding. When he joined the FTSE 250 exploration and production group 14years ago, Premier was one of the UK’s most dynamic independent players in the oil and gassector. By 2014, the business was in a death spiral. After slipping into the red, the company lost nearly 96 per cent of its peak market value, with investors losing faith in management when amulti-billion-dollar investment went badly wrong.