Premier Oil cuts 2015 capex to $920 million -CFO
LONDON, Feb 26 (Reuters) - Oil producer Premier Oil (LSE: PMO.L - news) has reduced its capital expenditure programme this year to $920 million, Finance Director Richard Rose said in a presentation, down from $1.2 billion spent last year.
The company also plans to save more than $600 million in expenditure over the coming three years, of which $285 million is expected to come from capex, Rose said.
(Reporting by Karolin Schaps; editing by Jason Neely)