- Premier Oil said its was on track to meet its full-year production guidance despite output slipping in the first quarter.

In the three months through March, the company produced 74,000 barrels of oil equivalent per day, down from 81,200 on-year.

It pinned the fall on the sale of Wytch Farm, a planned shutdown at the Huntington field and natural decline across the portfolio.

The decline was partly offset by the commencement of Catcher field in the North Sea and the company kept its full-year guidance of 80,000-to-85,000 boepd.

At 9:11am: [LON:PMO] Premier Oil PLC share price was +0.4p at 110.9p

Story provided by