BUSI­NESS BULLETIN

The Daily Telegraph - Business - - Business -

A group of len­ders have ap­proved Premier Oil’s plan to buy oil and gas fields from BP in the North Sea, af­ter months of bit­ter in­fight­ing. BP cut the price of its deal with Premier Oil last month, af­ter the price of crude slumped more than 50pc in fewer than three months. Un­der new terms, Premier will pay $210m (£168m) to BP on com­ple­tion of the deal, in­stead of $600m.

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