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Premier Oil-Chrysaor to trade as Harbour Energy from Thursday

Wed, 31st Mar 2021 07:10

LONDON, March 31 (Reuters) - The merger of Chrysaor and
Premier Oil is due to complete on Wednesday, creating
Harbour Energy, the UK North Sea's biggest oil and gas
producer, which will replace Premier's stock exchange listing
from Thursday, Premier said.

Harbour is expected to produce around 200,000-220,000
barrels of oil equivalent per day, roughly equal parts oil and
gas, and generate enough free cash flow for a dividend to be
introduced for 2021, the companies have said.
(Reporting by Shadia Nasralla; editing by Jason Neely)

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