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EnQuest

From Wikipedia, the free encyclopedia
British petroleum exploration and production company

EnQuest plc
Company typePublic limited company
LSEENQ,
IndustryOil and gas industry
Founded6 April 2010
HeadquartersLondon,England
Key people
ProductsPetroleum exploration andproduction
RevenueDecrease$1,180.7 million (2024)[1]
Decrease$311.5 million (2024)[1]
Increase$93.8 million (2024)[1]
Websitewww.enquest.co.uk

EnQuest plc is an independentUnited Kingdom-basedpetroleum exploration andproduction company which operates mainly in theUnited Kingdom Continental Shelf. EnQuest shares are included on the main list of theLondon Stock Exchange.

History

[edit]

The company was formed in April 2010 by a combination of thedemerged British North Sea assets ofPetrofac andLundin Petroleum.[2]

Operations

[edit]

The firm has interests in sixoil fields located in the NorthernNorth Sea,[3] 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).[4] 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).[4] EnQuest is the operator of each field; its financial interests are as follows:[5] In November, 2013, EnQuest were granted permission to develop the Kraken field which has an estimated 140 million barrels of oil.[6]

FieldWorking interest
Broom63%
Don Southwest60%
Heather100%
Thistle and Deveron99%
West Don44.95%
Magnus100%

References

[edit]
  1. ^abc"Preliminary Results 2024". EnQuest. Retrieved27 March 2025.
  2. ^"Risky investing in EnQuest plc despite the 67 share price decline". Walbrock. Retrieved29 April 2017.
  3. ^"Operations". EnQuest. Archived fromthe original on 13 April 2010. Retrieved26 March 2010.
  4. ^abHamilton, Douglas (4 March 2010)."Petrofac and Lundin Petroleum to spin off North Sea assets".The Herald. Retrieved26 March 2010.
  5. ^"EnQuest: Pilot share fair"(PDF). Archived fromthe original(PDF) on 18 March 2014. Retrieved24 March 2013.
  6. ^EnQuest cleared to develop £4bn Kraken oil field off Shetland BBC, 15 November 2013

External links

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