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EnQuest

Other News

Oil bosses warn of up to 10,000 more job losses in North Sea

Two of the North Sea’s biggest oil explorers have warned there could be a further 10,000 jobs losses in the oil and gas industry. Both Amjad Bseisu, chief executive of EnQuest, and Premier Oil’s chief executive Tony Durrant said the industry was making the expectation as the decline in oil price continues. Industry body Oil & Gas UK has reported up to 5,500 jobs have been affected in the last year.

Oil & Gas

EnQuest: North Sea still a good return on investment

The North Sea is still a good return on investment, according to an industry boss. Enquest’s president for the North Sea, Neil McCulloch, said the sector was still very much open for business. The company leader spoke to Energy Voice as it confirmed a 20% slide in earnings. Despite the dip, Enquest’s North Sea assets posted a strong return with its Kittiwake Area (GKW) increasing production efficiency by 87% in the first half of the year.

Markets

EnQuest sees production increase by 20% in Q1

EnQuest said production has rose 20% in the first four months of the year. The increase was largely due to a strong performance at its Malaysian asset, the oil producer said. Production rose to 30,768 barrels of oil equivalent per day (boepd) for the four months to April, from 25,597 barrels a year earlier.