News Oil & Gas

EnQuest agrees £46m sale of Bressay interest

EnQuest plc has agreed a £46 million sale of a 15% working interest in the North Sea Bressay field and its producer FPSO* to RockRose UKCS 10 Ltd. PRODUCTION RockRose, subsidiary of Viaro Energy, will pay an initial £34.75m and the remaining £11.25m from future Bressay cash flows. RockRose will pay its equity share of […]

News Oil & Gas

Capricorn agrees final payments for Catcher and Kraken

Capricorn Energy plc has agreed the final settlement of the subsequent payment terms with Waldorf Production UK plc from the sale of its previous assets in the Catcher and Kraken fields. PAYMENTS Under revised terms, Capricorn will now receive $72.5 million over the next 13 months and Waldorf’s 25% non-operated working interest in the Columbus […]

Finance News Oil & Gas

EnQuest production at top end of guidance

EnQuest plc reported strong operational performance for the first quarter of the year with production at the top end of guidance range for 2023. INTEGRITY Average group production was 47,725 boepd, based upon strong “uptime” across the company’s portfolio. Magnus well work programme for 2023 has started, with three wells returned to service following P […]