Premier Oil Announces 'Successfully Exiting' Holdings in Iraq

In 2012, Premier Oil was awarded a 40% stake in Block 12


Premier Oil recently announced that the company “successfully exited” its interests in Iraq. In 2012, Premier Oil was awarded a 40% stake in Block 12 concession in 2012 however, they announced in late 2015 Russian Bashneft would be taking over Block 12, and was later acquired by Rosneft.

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We have been working with some of our key customers to improve the service by using the latest software and technology, taking business intelligence in Iraq onto the next level.Mason Johnson, Rebuilding Iraq Project Information Manager