EnQuest
 | |
| Company type | Public limited company |
|---|---|
| LSE: ENQ, | |
| Industry | Oil and gas industry |
| Founded | 6 April 2010 |
| Headquarters | London, England |
Key people | |
| Products | Petroleum exploration and production |
| Revenue |  $1,180.7 million (2024)[1] |
| $311.5 million (2024)[1] | |
 $93.8 million (2024)[1] | |
| Website | 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.
History
[edit]The company was formed in April 2010 by a combination of the demerged British North Sea assets of Petrofac and Lundin Petroleum.[2]
Operations
[edit]The firm has interests in six oil fields located in the Northern North Sea,[3] two of which (the West Don and Don Southwest fields) previously formed the Petrofac Energy Developments business unit and have a combined production of 40,000 barrels per day (6,400 m3/d).[4] 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 24,000 barrels per day (3,800 m3/d).[4] EnQuest is the operator of each field; its financial interests are as follows:[5] In November, 2013, EnQuest were granted permission to develop the Kraken field which has an estimated 140 million barrels of oil.[6]
| Field | Working interest |
|---|---|
| Broom | 63% |
| Don Southwest | 60% |
| Heather | 100% |
| Thistle and Deveron | 99% |
| West Don | 44.95% |
| Magnus | 100% |
References
[edit]- ^ a b c "Preliminary Results 2024". EnQuest. Retrieved 27 March 2025.
- ^ "Risky investing in EnQuest plc despite the 67 share price decline". Walbrock. Retrieved 29 April 2017.
- ^ "Operations". EnQuest. Archived from the original on 13 April 2010. Retrieved 26 March 2010.
- ^ a b Hamilton, Douglas (4 March 2010). "Petrofac and Lundin Petroleum to spin off North Sea assets". The Herald. Retrieved 26 March 2010.
- ^ "EnQuest: Pilot share fair" (PDF). Archived from the original (PDF) on 18 March 2014. Retrieved 24 March 2013.
- ^ EnQuest cleared to develop £4bn Kraken oil field off Shetland BBC, 15 November 2013
