On 22 August 2017 Premier announced that it had reached an agreement to farm down its entire 33.8% interest in the Wytch Farm field (licences PL89 and P534) for a consideration of USD 200 million. The company stated that it will release letters of credit amounting to USD 75 million in connection with future field decommissioning liabilities. On 12 September 2017 the acquiring company was named to be Verus Petroleum SNS Limited. However, in an update on 16 November 2017 Premier stated that existing operator Perenco UK Limited had pre-empted the deal and it was in fact Perenco which will be acquiring the 33.8% interest. Premier announced that it and Perenco have entered a Sale and Purchase agreement on 20 November 2017. The deal is subject to regulatory approval. Wytch Farm is located in southern Dorset, in an area of extreme environmental sensitivity. It was discovered in 1974 and was brought onstream five years later. The field's onshore sector has been developed with conventional sub-vertical producers, while its offshore extension under Poole and Bournemouth bays has been exploited with extended reach wells, with one of the longest wells having a step-out approaching 11 km. Production from the field was approximately 5,000 boe/d net to Premier as of 30 June 2017. Following completion of the deal interest in Wytch Farm will be held by Perenco UK Limited (87.6% + operator), Ithaca Energy (UK) Limited (7.4%) and Repsol Sinopec North Sea Limited (5%).
United Kingdom (Wessex B.) (It's a petroleum rights. Please summarize by yourself). In IHS database: Wytch Farm op. by PERENCO (53.81%, VERUS SNS 33.81%, DELEK GRP 7.43%, REPSOL NS 4.95%) to be check.