Premier eyes North Sea drive

摘要

UK-LISTED Premier Oil is "proba bly" ready to take on new UK North Sea projects, possibly by making acquisitions. Chief executive Tony Durrant told Upstream he thinks there will be a 'few opportunities' for acquisitions 'as we go into 2019'. 'We have always said if the right opportunity comes along on the M&A front, we would be inter ested in doing so. It probably makes sense for us,' Durrant said. 'We think we could take on more projects. We have probably got cost and tax synergies availa ble to us. But it has to be the right opportunity at the right price.' Durrant revealed that Premier had screened assets that Total is reported to be looking to sell but added: 'We are no longer pursuing that. We will look at each oppor tunity as it comes up and decide if we want to do anything.'