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. […]
Tag: Golden Eagle oil field
EnQuest borrows $750m for Golden Eagle
EnQuest plc has signed a new senior secured borrowing base debt facility for $750 million (£531 million) to refinance the Golden Eagle acquisition in the Central North Sea. The new facility is for $600 million with an additional $150 million for letters of credit for up to seven years. EnQuest said it would allow the […]
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 […]