November 15, 2018 / 7:17 AM / a month ago

Premier Oil sees FY output at bottom of range, net debt at $2.4 bln

LONDON, Nov 15 (Reuters) - Premier Oil said on Thursday it expected its full-year production to come in at the low end of a previously announced 80,000 to 85,000 barrels per day range with its closely-watched debt pile to shrink to $2.4 billion by year-end.

Premier had previously said it aimed to reduce its debt of about $2.65 billion by $300 million to $400 million by the end of 2018.

It has hedged around 30 percent of its output at a price of $69.1 per barrel for the first half of next year and $72 per barrel for the second half, it said. (Reporting by Shadia Nasralla; Editing by Adrian Croft)

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