RNS Number:6946P
Premier Oil PLC
12 September 2003





                          Premier Oil Plc  ("Premier")

                          Completion of Restructuring

Following the previous announcements in relation to the restructuring of its
group, Premier is pleased to announce that the Restructuring has completed.

Market participants are reminded that Premier's issued share capital now
comprises 80,057,441 ordinary shares, following the 1 for 10 consolidation.

12 September 2003


ENQUIRIES:
Premier Oil plc                                      Tel: 020 7730 1111

John van der Welle

Mark Akers
Deutsche Bank                                        Tel: 020 7545 8000

Roger Aylard

Nigel Meek

Rob Gray
College Hill                                         Tel: 020 7457 2020
James Henderson




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