UK oil and gas exploration company Premier Oil has appointed Gavin
Anderson to handle corporate and financial PR as it repositions itself
from a North Sea oil company to an Asian gas group.
The agency is the third used by Premier this year after Shandwick and
College Hill. Premier previously used Shandwick to handle the account
which is worth around pounds 60,000 in fees. The Premier Oil team at
Shandwick was headed by Gillian Pattison who recently left to join
Premier then brought in College Hill which is believed to have resigned
the account over client conflict.
Gavin Anderson pitched against Financial Dynamics for the business. It
will report to Premier’s chief executive Charles Jamieson.
Jamieson recently announced that he expected over 70 per cent of its
production to come from gas by the turn of the century. Just 15 per cent
of its production currently comes from gas.
The company increased investment in Asia last year, putting money into
projects in Indonesia, Myanmar (formerly Burma) and Pakistan.
Premier has recently run into criticism for its investment in human
rights troublespots. Myanmar’s Nobel prize winning pro-democracy leader
Aung San Suu Kyi accused it of investing in offshore gas reserves which
help to boost the country’s military regime.
Last year Premier made pre-tax profits of pounds 71.1 million on
turnover of pounds 166.2 million. However, its share price has fallen
from a high of 58p late in 1997 to 38.5p.