Premier Oil produced 82 100 barrels per day in the first half of 2017, a 34.5% increase. Revenue rose even more steeply by a staggering 49% to $546.1 million.
It’s clear from this and other reports that the North Sea fields should be pouring tax revenues into the treasury and that these should be credited in any discussion about Scotland’s economic well-being unlike that currently around the wholly inadequate GERS estimates being used to allocate Scotland a deficit she doesn’t really have for purely political propaganda reasons. Here are some of the earlier signs that the oil majors are thriving yet not paying their way in the UK economy:
Here’s the FT’s headline on this:
‘At last, Premier Oil has reason to be gushing’