January 31, 2018 / 7:41 AM / 3 months ago

EnQuest agrees with BP to run decommissioning of Thistle, Deveron

Jan 31 (Reuters) - EnQuest Plc, a North Sea-focused oil producer, said it had agreed with BP Plc to manage the decommissioning of Thistle and Deveron fields, located 275 miles north-east of Aberdeen in the United Kingdom.

EnQuest will get $30 million in cash as part of the deal for handling the process. EnQuest said its current estimate of its exposure to decommissioning costs is lower than the $30 million cash being received. ($1 = 0.7049 pounds) (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Gopakumar Warrier)

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