Scandoil  

EnQuest increases 20% production at the end of April 2015


Published May 18, 2015
EnQuest PLC-3

Highlights •Production averaged 30,768 Boepd for the four months to the end of April 2015, up 20.2% on the same period in 2014. Full year 2015 production guidance is reiterated at between 33,000 Boepd and 36,000 Boepd, representing a 24% annual increase at the mid-point of the range. •The Floating Production, Storage and Offloading ('FPSO') vessel for the Alma/Galia development has been securely moored on location in the field and the preparation process for pulling in the risers has commenced. The project remains on track for first oil in mid-2015. •The Kraken development continues to be on budget and on schedule for first oil in 2017. •EnQuest remains on course for delivery of its targeted programme of cost reductions.

EnQuest CEO Amjad Bseisu said:

'Production of 30,768 Boepd to the end of April is a good start to the year and was achieved as a result of ongoing strong operational performance across EnQuest's assets and the inclusion of Malaysia, in line with our expectations. The strong performance in our newly acquired Malaysia assets, where we took over operations late last year, is testament to our ability to quickly impact production in late life assets.

Tags: EnQuest PLC




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml