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Member News12th Jul 2018

Premier Oil board approves Tolmount, completes ETS sale

In a 12 July trading and operations update, Premier Oil said its board had approved the Tolmount field development project. A formal sanction by the project partners is scheduled for the third quarter. Premier is targeting first gas in the fourth quarter of 2020.

The company also confirmed the completion of the sale of its 30 per cent equity interest in the Esmond Transportation System (“ETS”) pipeline for £17.3 million. Read more…