CITY A.M. | Premier Oil expects massive fall in development spending and takes $300m ... CITY A.M. Thanks to the low oil price Premier has delayed 2015 discretionary drilling expenditure. The company plans to drill eight wells this year. Total revenues for 2014 will be around $1.6bn. Planned development spend for 2015 is expected to be 40 per cent ... Premier Oil sees impairment charge, job cuts due to weak oil Premier Oil to write down $300 million of assets Premier Oil expects $300m impairment charge due to weak prices |