November 12, 2020
Catcher FPSO – Credit: Premier Oil
Premier Oil on Thursday reduced its 2020 production outlook to 61,000-64,000 barrels of oil equivalent per day due to problems at its Catcher field and plans to issue a prospectus in December for its planned merger with bigger rival Chrysaor.
It had previously forecast output of 65,000-70,000 boe/d.
(Reporting by Shadia Nasralla; Editing by Edmund Blair)