EnQuest plc has expanded its southeast Asia business into Vietnam by acquiring a 53.125% equity interest in the Chim Sáo and Dua production fields from Harbour Energy plc. BLOCK 12W The agreement, with a headline purchase of $84 million, is in line with the company’s aim to grow its international operating footprint with “fast-payback assets, […]
Tag: EnQuest plc
EnQuest to increase Seligli gas production
EnQuest plc has secured an agreement to develop an additional 55 billion standard cubic feet gas from the Seligli field, offshore Malaysia. INFRASTRUCTURE The PM8 extension production sharing contract is a 50% equity share with Petroliam Nasional Berhad (Petronas) Carigali Sdn Bhd (PCSB) and E&P Malaysia Venture Sdn Bhd (EPMV). The deal will see annexation […]
EnQuest lowers FY production after outage
EnQuest plc said full year production would be slightly lower than guidance after Magnus was shut in following an unplanned outage at the Ninian central platform. INVESTMENT The company led a short dive support vessel campaign in early November to inspect and repair the subsea hydraulic system. Production at the field has now returned to […]
EnQuest-Seascape awarded Sarawak PSC
EnQuest plc and Seascape Energy Asia plc have been awarded a product sharing contract for 12 discovered fields 50km off the coast of Sarawak, offshore Malaysia. DISCOVERIES EnQuest Petroleum Production Malaysia Ltd holds 42% and is the operator of the DEWA complex cluster small field asset with Petroleum Sarawak Exploration & Production Sdn Bhd owning […]
EnQuest directors awarded 18m share options
Three EnQuest plc directors were awarded an aggregate 17,684,544 nil-cost options of £0.05 each as part of the company’s performance share plans of 2021 and 2024. Chief executive officer Amjad Bseisu was awarded a total 7,543,281 share options and executive director Salman Malik received 5,422,873. Chief financial officer Jonathan Copus was awarded 4,718,390 under the […]
EnQuest begins up to $15m share buyback
EnQuest plc has started a repurchase programme of its ordinary shares of 5 pence each in the company for up to $15 million. Merrill Lynch International will buy the ordinary shares, as principal and not as agent of the company, to sell and for EnQuest to buy. The agreement began on 29 April 2024 and […]