EnQuest PLC (ENQ.L)
21 Nov 2017
Thu, Sep 7 2017
LONDON North Sea-focused oil producer EnQuest on Thursday reported a sharp drop in first-half profits on lower production and delays in ramping up its flagship Kraken oilfield.
* Shares down 3 percent at one-year low (Adds details, quotes, shares, analyst comment)
North Sea-focused oil producer EnQuest cut its full-year production forecast on Wednesday, citing a slower than expected start-up of its flagship Kraken field, sending its shares to a two-month low.
* Says 2017 output could be 18 pct lower than previously expected
Aug 23 North Sea-focused oil producer EnQuest cut its full-year production forecast on Wednesday as prolonged commissioning of its Kraken production storage unit led to lower-than-expected efficiencies.
LONDON, May 25 North Sea-focused oil producer EnQuest said its production fell 11 percent year on year in the first four months of the year due to the natural decline of its fields but it maintained its annual output target.