EnQuest

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EnQuest plc
Type Public limited company
Traded as LSEENQ, OMXENQ
Industry Oil and gas industry
Founded 6 April 2010
Headquarters London, England
Key people James Buckee (Chairman), Amjad Bseisu (CEO)
Products Petroleum exploration and production
Revenue $961.2 million (2013)[1]
Operating income $374.8 million (2013)[1]
Profit $189.6 million (2013)[1]
Website www.enquest.co.uk

EnQuest plc is an independent United Kingdom-based petroleum exploration and production company which operates exclusively in the United Kingdom Continental Shelf. EnQuest shares are included on the main list of the London Stock Exchange and the firm holds a secondary listing on Nasdaq OMX Stockholm. The company is a constituent of the FTSE 250 Index.

History[edit]

The company was formed in April 2010 by a combination of the demerged British North Sea assets of Petrofac and Lundin Petroleum.

Operations[edit]

The firm has interests in six oil fields located in the Northern North Sea,[2] two of which (the West Don and Don Southwest fields) previously formed the Petrofac Energy Developments business unit and have a combined production of 40,000 barrels per day (6,400 m3/d).[3] The other four (Broom, Heather, Thistle and Deveron) were part-owned by Lundin Petroleum prior to the creation of EnQuest and are capable of producing 24,000 barrels per day (3,800 m3/d).[3] EnQuest is the operator of each field; its financial interests are as follows:[4] In November, 2013, EnQuest were granted permission to develop the Kraken field which has an estimated 140 million barrels of oil.[5]

Field Working interest
Broom 63%
Don Southwest 60%
Heather 100%
Thistle and Deveron 99%
West Don 44.95%

References[edit]

  1. ^ a b c Preliminary Results 2013
  2. ^ "Operations". EnQuest. Retrieved 26 March 2010. 
  3. ^ a b Hamilton, Douglas (4 March 2010). "Petrofac and Lundin Petroleum to spin off North Sea assets". The Herald. Retrieved 26 March 2010. 
  4. ^ EnQuest: Pilot share fair
  5. ^ EnQuest cleared to develop £4bn Kraken oil field off Shetland BBC, 15 November 2013

External links[edit]