(Adds Zama unitisation expected to conclude in Q1)
LONDON, Nov 12 (Reuters) - Premier Oil cut its 2020
production outlook to 61,000-64,000 barrels of oil equivalent
per day from a previously forecast 65,000-70,000 on Thursday,
due to problems at its Catcher field.
The company also said it plans to issue a prospectus in
December for its planned merger with bigger rival Chrysaor.
On its Mexican field Zama, Premier said it expected
long-running talks with Mexican state oil firm Pemex to
determine how exactly to divide up resources with neighbouring
fields to conclude in the first quarter.
Zama had been considered for possible divestment to raise
cash to pay back debt that would now be cancelled with the
Chrysaor merger.
(Reporting by Shadia Nasralla; Editing by Edmund Blair and
Alexander Smith)
