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EnQuest ‘looking at’ new North Sea opportunities

Sep 08, 2017

North Sea oil and gas operator EnQuest plans to make “select investments” in its existing portfolio, chief executive Amjad Bseisu said yesterday.

He also said the company would “continue to look at other opportunities in the North Sea and beyond”.

Speaking after EnQuest posted first half figures showing pre-tax losses of £16.3million, Mr Bseisu confirmed recent start-up Kraken – about 81 miles east of Shetland – was on course for peak production early next year.

Kraken, which came on stream in June, is one of the largest new oilfields to start pumping since Buzzard and is expected to support more than 1,000 jobs in the UK annually over a lifespan of more than 20 years.

It is also forecast to deliver a “material increase” in EnQuest’s total output next year.


Full Article:  https://www.energyvoice.com/oi...


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