Type Public limited company Profit $189.6 million (2013) Founded 6 April 2010 Net income 189.6 million USD (2013) | Industry Oil and gas industry Headquarters United Kingdom Revenue 961.2 million USD (2013) | |
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Traded as LSE: ENQ, Nasdaq Stockholm: ENQ Key people James Buckee (Chairman), Amjad Bseisu (CEO) Products Petroleum exploration and production Stock price ENQ (LON) 41.68 GBX -0.57 (-1.35%)10 Mar, 10:03 AM GMT - Disclaimer Subsidiaries Nio Petroleum (Sabah) Limited Profiles | ||
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.
Contents
Bseisu says enquest is looking for u k acquisitions
History
The company was formed in April 2010 by a combination of the demerged British North Sea assets of Petrofac and Lundin Petroleum.
Operations
The firm has interests in six oil fields located in the Northern North Sea, 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). 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). EnQuest is the operator of each field; its financial interests are as follows: In November, 2013, EnQuest were granted permission to develop the Kraken field which has an estimated 140 million barrels of oil.