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Premier Oil is to buy the North Sea oil operations of Oilexco out of administration for £349m. 26-Mar-2009 Premier Oil has announced a £430m corporate restructuring programme that will involve the disposal of operations in Burma and Indonesia to leading shareholders Petronas and Amerada Hess. 17-Sep-2002 Premier Oil is to invest £7m in the £69m Zamzama gas field project in Pakistan. 07-Mar-2002 Premier Oil has formed a £135m joint venture with the Kuwait Foreign Petroleum Exploration Company, which will involve the transfer of half its Pakistani gas interests. 18-Sep-2001 Premier Oil is in discussions with Amerada Hess of the US and Petronas of Malaysia about a £130m cash injection for the troubled UK explorer. 24-Sep-1999 Premier Oil is planning a £127m refinancing of its business with the sale of a 50% stake in its West Natuna gas project in Indonesia. 26-Jul-1999 Premier Oil is considering plans to sell stakes in its three main Asian gas projects in order to release capital and strengthen its balance sheet. 17-May-1999 Premier Oil is to shed 25% of its staff this year in order to make cost savings of £6m a year. 25-Mar-1999 Premier Oil is forming a joint venture with Bow Valley Energy of Canada to develop the offshore Balal oilfield in Iran. 21-Aug-1998 Shell and Premier Oil have agreed to pool their onshore exploration and production interests in Pakistan, which will enable Shell to build up a major presence in Pakistan's gas market. 18-Jun-1998 Premier Oil and Monument Oil & Gas are claiming a significant natural gas discovery in the Zamzana field in Pakistan, and they are now planning a full appraisal along with their Australian partner BHP Petroleum. 01-Jun-1998 Premier Oil is planning to invest £50m on up to 25 exploration wells this year, and an additional £220m is earmarked for projects in Indonesia, Burma and Albania. 11-Mar-1998 Premier Oil has announced its second major gas find in the Natuna block offshore Indonesia. 10-Jan-1998 Premier Oil has announced a gas discovery in the Natuna Sea off Indonesia showing reserves of up to 400 billion cubic feet. 16-Oct-1997 Premier Oil has acquired a 29% stake in the Yolla offshore gas field in Australia in a farm-in agreement with the Boral Group. 24-Sep-1997 Premier Oil is planning to step up its drilling programme over the next few months with 20 new wells as it tries to reach its exploration target of 40m barrels of oil equivalent a year. 17-Sep-1997 Premier Oil has announced a new oilfield discovery in Indonesia, as well as a contract to sell about 2.5 trillion cu ft of gas from the West Natuna Sea in Indonesia. 01-May-1997 Premier Oil now looks set to takeover Discovery Petroleum of Australia, following the acquisition of a 10% stake from Oil Search, the Australian company that was thought to be a potential rival bidder. 03-Dec-1996 Premier Oil has reached agreement to sell gas from the Yetagun field in Burma, which it is developing with Texaco and Nippon Oil, to Thailand. 30-Oct-1996 Premier Oil has bought a 15.8% stake in a gas field in Pakistan from Idemitsu for £21m, which will add about 2,000 barrels a day to its output. 24-Oct-1996 Discovery Petroleum of Australia has rejected a £46m bid from Premier Oil of the UK, following the acquisition of a 10% stake in Discovery by Oil Search of Australia. 22-Oct-1996 Premier Oil is to acquire Discovery Petroleum of Australia for £46m, a move which will increase its presence in south-east Asia as well as marking a first step into Australia. 24-Sep-1996 Premier Oil has acquired Sumatra Gulf Oil, the Indonesian oil and gas concern, from Chevron for $72m. 21-Sep-1996
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