North Sea operators EnQuest (LON:ENQ) and Repsol Sinopec Resources UK have set out a series of upcoming decom contracts for nearly 200 oil and gas wells.
EnQuest’s chief executive says the oil firm has received offers for the vessel which served its Alma-Galia fields.
Exploration and production firm EnQuest managed to reduce its debt pile to its lowest level since 2014 and narrow its losses in 2020 despite the oil price slump.
EnQuest is targeting a sailaway date “early” in the second quarter of next year for its Northern Producer vessel.
An EnQuest boss said today that treating some of its platforms like "Airbnbs" was helping the firm prepare a northern North Sea neighbour for up-manning.
The North Sea boss of EnQuest has said the firm is “very interested” in a joint-operator decommissioning approach, but “someone needs to take the lead”.
Work is underway to move the EnQuest Producer FPSO to the Cromarty Firth.
EnQuest bosses said today that the recent shrinking of the firm’s UK North Sea footprint was just part of the “natural cycle”.