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 […]
Tag: Kraken heavy oil field
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 […]
EnQuest production at top end of guidance
EnQuest plc reported strong operational performance for the first four months of the year with production at the top end of guidance range for 2023. OPERATIONS Average group production was 47,725 boepd, based upon strong “uptime” across the company’s portfolio. EnQuest said that the 2023 Magnus well work programme was underway, with three wells returned […]