PREMIER OIL UK LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. PREMIER OIL UK LIMITED 2009-05-08 → present
2. PREMIER PICT PETROLEUM LIMITED 1995-07-10 → 2009-05-08
3. PICT PETROLEUM PLC 1971-05-14 → 1995-07-10

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have adopted the going concern basis of accounting for the preparation of the financial statements as the Company's ultimate parent company, Harbour Energy plc, has undertaken to directly provide the necessary financial support to the Company, as and when required, to meet all liabilities for a period of 12 months from the date of signing these financial statements.”

Group structure

1. PREMIER OIL UK LIMITED · parent
   1. Premier Oil Exploration Limited 100% · UK · Dormant
   2. Premier Oil Aberdeen Services Limited 100% · UK · Non-trading

Significant events

• “Production from the Solan field ceased permanently in April 2025.”
• “On 1 November 2023, Premier Oil Exploration Limited, a subsidiary undertaking of the Company, distributed net assets of $21.5 million to the Company, leaving net assets of $1 remaining.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +7.1%

  £1,256,792,439 → £1,345,495,182

• Cash

  +101.8%

  £5,371,386 → £10,841,364

• Net assets

  +0.5%

  -£2,465,641,216 → -£2,453,568,569

• Employees

  —

  Not reported

• Operating profit

  -61.4%

  £1,005,326,168 → £388,140,104

• Profit before tax

  -59.6%

  £864,634,544 → £349,315,048

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers