Premier Oil has entered into a sale and purchase agreement to sell its interests in Licences PL089 and P534, containing the Wytch Farm field, to Perenco UK on materially the same terms as have been previously disclosed in an announcement released on 12 September 2017 and in a trading update released on 16 November 2017. These include unchanged cash consideration of US$200 million and the release of Premier from letters of credit totalling approx. US$75 million.Wytch Farm oil field (Source: Perenco) Original article link Source: Premier Oil 
United Kingdom (Dorset Sub-basin (Wessex B.)) Wytch Farm