Premier Oil completes $65.6m sale of Pakistan operations

Premier Oil announced on Thursday that it has completed the sale of Premier Oil Pakistan Holdings, which comprises its Pakistan business, to Al-Haj Energy.

The FTSE 250 company said the completion followed the receipt of necessary approvals, and the finalisation of working capital adjustments.

“In total, Premier has received the full consideration of $65.6m for the sale, including deposits and completion payments paid by the buyer and net cash flows collected by Premier since the economic date of the transaction,” the company’s board said in its short statement.