EnQuest





















































EnQuest plc
Type
 Public limited company
Traded as
LSE: ENQ, Nasdaq Stockholm: ENQ
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
$798 million (2016)[1]
Operating income
$345.1 million (2016)[1]
Net income
$185.2 million (2016)[1]
Website www.enquest.co.uk

EnQuest plc is an independent United Kingdom-based petroleum exploration and production company which operates mainly 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.




Contents






  • 1 History


  • 2 Operations


  • 3 References


  • 4 External links





History


The company was formed in April 2010 by a combination of the demerged British North Sea assets of Petrofac and Lundin Petroleum.[2]



Operations


The firm has interests in six oil fields located in the Northern North 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]































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


References




  1. ^ abc "Preliminary Results 2016" (PDF). EnQuest. Retrieved 18 March 2018..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output q{quotes:"""""""'""'"}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-lock-limited a,.mw-parser-output .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}


  2. ^ "Risky investing in EnQuest plc despite the 67 share price decline". Walbrock. Retrieved 29 April 2017.


  3. ^ "Operations". EnQuest. Archived from the original on 13 April 2010. Retrieved 26 March 2010.


  4. ^ ab Hamilton, Douglas (4 March 2010). "Petrofac and Lundin Petroleum to spin off North Sea assets". The Herald. Retrieved 26 March 2010.


  5. ^ EnQuest: Pilot share fair


  6. ^ EnQuest cleared to develop £4bn Kraken oil field off Shetland BBC, 15 November 2013



External links


  • Official website








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