EnQuest plc founding chief financial officer (CFO) and executive director Jonathan Swinney will leave the company to take up the same posts at Tullow Oil plc. Richard Miller, currently Tullow group financial controller, will act as interim CFO until Mr Sweeney joins the company later this year. Mr Swinney has extensive oil and gas and […]
Tag: EnQuest plc
EnQuest appoints Rani Koya as board NED
EnQuest plc will appoint Rani Koya as a non-executive director of the board with effect from 1 January 2022. She will become a member of the technical and reserves committee. Ms Koya has more than 20 years’ experience working within large multinational, independent and start-up energy companies. These include Shell International, Hess and Tullow and […]
EnQuest lowers forecast over challenging production
EnQuest plc has lowered its forecast due to “challenging” production at Magnus and Kraken fields in the North Sea as well as in Malaysia. CHALLENGING The group expects production for the year to be around 45,000 boepd, including the contribution from Golden Eagle. The figure is lower than the 46,000 and 52,000 boepd announced in […]
EnQuest completes 26.69% acquisition of Golden Eagle
EnQuest plc announced it had completed the acquisition of a 26.69% non-operated interest in the Golden Eagle Area Development in the North Sea. PARTNERSHIP “As a highly cash generative asset, delivering material incremental production, reserves and resources, Golden Eagle is a great addition to our portfolio, further strengthening the company,” said chief executive Amjad Bseisu. […]
EnQuest investors back Golden Eagle share acquisition
EnQuest’s shareholders have supported the company’s plans to invest in the producing Golden Eagle area of UK North Sea. Results published today of a general meeting, showed 99.997% voted in favour of the proposals. In February 2021, EnQuest announced its intention to buy Suncor Energy UK’s 26.69% non-operated interest in the Golden Eagle area for […]
EnQuest completes acquisition of Bentley discovery
EnQuest plc has completed its acquisition from Whalsay Energy Holdings Ltd of P1078 licence containing the proven Bentley heavy oil discovery in the North Sea. Bentley is one of the largest undeveloped oil fields in the UK Continental Shelf with estimated stock-tank oil initially in place of 900 MMbbls. The discovery lies within 15km of […]