EnQuest PLC (ENQ.L)
28 Apr 2017
LONDON Oil producer EnQuest has agreed to buy a 25 percent stake in BP's Magnus oil field and surrounding assets in the North Sea, financed through future returns, as it pursues its strategy of trying to breathe new life into old fields.
* Enquest to take over operatorship of Magnus, Sullom Voe terminal and associated infrastructure with no cash outlay
LONDON, Nov 29 The vessel needed to start production at EnQuest's Kraken oil field in the North Sea sailed away from Singapore on Nov. 23, the company said, indicating the oil field's start-up schedule remains on track.