Premier Oil Cuts 2020 Output Forecast

Shadia Nasralla

November 12, 2020

Catcher FPSO - Credit: Premier Oil

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)