Toronto-listed NSE said that Premier informed the Bagpuss joint venture partnership that it is resigning as operator of the project, which is located in the Outer Moray Firth on licence P1943, with an effective date of 31 December.
“Premier have confirmed that they will work with the new operator to assure a smooth transfer of responsibilities,” NSE said.
“In addition, Premier have agreed in principle to sell their 40.1%
