EnQuest
{{short description|British petroleum exploration and production company}}
{{Use dmy dates|date=April 2022}}
{{Infobox company
| name = EnQuest plc
| logo = EnQuest.png
| logo_size = 160px
| type = Public limited company
| traded_as = {{lse|ENQ}}, {{OMX|SSE75073|ENQ}}
| foundation = 6 April 2010
| key_people = {{Unbulleted list|James Buckee (Chairman)|Amjad Bseisu (CEO)}}
| industry = Oil and gas industry
| products = Petroleum exploration and production
| revenue = {{decrease}} $1,180.7 million (2024){{cite web|url=https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=7368331&lang=en-GB&companycode=uk-enq&v=|title=Preliminary Results 2024|publisher=EnQuest|access-date=27 March 2025}}
| operating_income= {{decrease}} $311.5 million (2024)
| net_income = {{increase}} $93.8 million (2024)
| homepage = [http://www.enquest.co.uk/ 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.
History
The company was formed in April 2010 by a combination of the demerged British North Sea assets of Petrofac and Lundin Petroleum.{{cite web|url=http://walbrockresearch.com/risky-investing-in-enquest-plc-despite-the-67-share-price-decline/|title=Risky investing in EnQuest plc despite the 67 share price decline|publisher=Walbrock|access-date=29 April 2017}}
Operations
The firm has interests in six oil fields located in the Northern North Sea,{{cite web |url=http://www.enquest.co.uk/landing.aspx?m=4 |title=Operations |publisher=EnQuest |access-date=26 March 2010 |url-status=dead |archive-url=https://web.archive.org/web/20100413214053/http://www.enquest.co.uk/landing.aspx?m=4 |archive-date=13 April 2010 }} two of which (the West Don and Don Southwest fields) previously formed the Petrofac Energy Developments business unit and have a combined production of {{convert|40000|oilbbl/d|m3/d}}.{{cite news|url=http://www.heraldscotland.com/business/corporate-sme/petrofac-and-lundin-petroleum-to-spin-off-north-sea-assets-1.1011221#|title=Petrofac and Lundin Petroleum to spin off North Sea assets|last=Hamilton|first=Douglas|date=4 March 2010|work=The Herald|access-date=26 March 2010}} 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 {{convert|24000|oilbbl/d|m3/d}}. EnQuest is the operator of each field; its financial interests are as follows:{{Cite web |url=http://www.oilandgasuk.co.uk/downloadabledocs/1058/EnQuest.pdf |title=EnQuest: Pilot share fair |access-date=2013-03-24 |archive-url=https://web.archive.org/web/20140318021405/http://www.oilandgasuk.co.uk/downloadabledocs/1058/EnQuest.pdf |archive-date=2014-03-18 |url-status=dead }} In November, 2013, EnQuest were granted permission to develop the Kraken field which has an estimated 140 million barrels of oil.[https://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-24954495 EnQuest cleared to develop £4bn Kraken oil field off Shetland] BBC, 15 November 2013
| class="wikitable sortable" style="text-align: center;" cellpadding=2 cellspacing=2 | |
| Field | Working interest |
|---|---|
| Broom
| 63% | |
| Don Southwest
| 60% | |
| Heather
| 100% | |
| Thistle and Deveron
| 99% | |
| West Don
| 44.95% | |
| Magnus
| 100% |
References
External links
- {{Official website|http://www.enquest.co.uk}}
{{Energy in the United Kingdom|companies}}
{{Authority control}}
Category:Oil and gas companies of the United Kingdom
Category:British companies established in 2010
Category:Companies listed on the London Stock Exchange