Local Business Premier sells SNS Babbage area interests for £63million By Frances Rougvie April 30 2018, 9:26 am April 30 2018, 9:26 am Share Premier sells SNS Babbage area interests for £63million Share via Facebook Twitter Whatsapp Messenger Linkedin Email Post link https://www.pressandjournal.co.uk/fp/business/local/1465019/premier-sells-sns-babbage-area-interests-for-63million/ Copy Link Premier Oil has sold its assets in the Babbage Area in the southern North Sea to Verus Petroleum for £62.9million. The deal includes Premier’s 47% stake in the Babbage gas field and its 50% interest in the Cobra discovery. In addition, Verus will take on exploration commitments worth £17million, resulting in net cash proceeds of £45.9million to Premier. To read more on Energy Voice, click here.
