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 […]
Tag: EnQuest plc
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 […]
EnQuest appoints Marianne Daryabegui to the board
EnQuest plc has appointed Marianne Daryabegui to the board of directors, with effect from 30 May 2024. Ms Daryabegui is a capital markets adviser who has focused on oil and gas throughout her career, firstly in-house at Total, then as an adviser at BNP Paribas. Experienced in corporate transactions, capital markets and structured finance, she […]