March 5, 2020 / 7:21 AM / a month ago

Premier Oil 2019 profit rises 23% to $164 mln

LONDON, March 5 (Reuters) - British North Sea oil and gas producer Premier Oil’s 2019 profit after tax rose by just under a quarter to $164 million, it said on Thursday, its highest since at least 2014.

Premier also committed to reducing its greenhouse gas emissions, saying it would be more than 65% carbon neutral by 2025 and 100% by 2030.

It said it would develop its operated projects on a carbon neutral basis in respect of Scope 1 and Scope 2 emissions, referring to emissions from its direct operations and from the power supply it uses. (Reporting by Shadia Nasralla; Editing by Alexander Smith)

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