Premier Oil was incorporated in 1934 as the Caribbean Oil Company. At the time of the founding, the primary business was to exploit oil and gas in Trinidad and Tobago. The company began to acquire interests in other areas like the North Sea, the continental shelf of the United Kingdom, West Africa, and Sudan. Throughout the years, the company’s primary aim has been to cement its status as the leading independent hydrocarbons production company, particularly in Asia. To this end, the company has long-term partnerships with Amerada Hess and Petronas.
Premier Oil has organized its business in six segments, namely the United Kingdom, the Falklands Islands, Vietnam, Indonesia, Mauritania, and the rest of the world. However, the company reorganized into four regional units in 2005. They include the Middle East, Asia, West Africa, and the North Sea. Premier Oil credits much of its growth to numerous acquisitions along the way. The company trades as PMO on the London Stock Exchange. Its headquarters are in London, the UK.