EnQuest plc today announced it had signed an agreement with Anasuria Hibiscus UK Ltd to farm down an 85% working interest in the Eagle discovery in the UK North Sea. EnQuest, which will retain a 15% non-operating working interest, will also transfer the operatorship. Consideration is in the form of a nominal $1 payment due […]
Tag: EnQuest plc
EnQuest to buy Suncor’s North Sea Golden Eagle interest
EnQuest plc said it had agreed to buy Suncor Energy UK’s 26.69% non-operated interest in the producing Golden Eagle area for an initial consideration of $325 million (£235m). The area, in the UK central North Sea, comprises the producing Golden Eagle, Peregrine and Solitaire fields. The company said that the deal, expected to conclude by […]
EnQuest reports losses and reorganises North Sea operations
EnQuest’s revenue nearly halved for the first six months of 2020 compared with the same period last year but production losses were minimised. Th group also decided not to restart production at the Heather/Broom and Thistle/Deveron fields, and to reorganise its UK North Sea business into three directorates of upstream, midstream and decommissioning leading to a […]