Welcome to EnQuest
Welcome to EnQuest
EnQuest is an oil and gas development and production company focused on turning opportunities into value by targeting maturing assets and undeveloped oil fields. EnQuest intends to deliver sustainable growth in shareholder value by focusing on exploiting its existing reserves, commercialising and developing discoveries, converting its significant contingent resources into reserves and pursuing selective acquisitions.
A proven acquirer of assets, EnQuest is differentiated by its deep technical skills, its broad operational scale and its considerable financial strength.
Our focus on skills and execution is underpinned by:
- Continuous improvement in HSE&A
- Leadership in innovative cost efficient development solutions
- Integrated teams that demonstrate technical excellence
- Proven depth in engineering, subsurface, execution and operations
EnQuest is the largest UK independent oil producer in the UK North Sea, with a portfolio of producing assets and major development projects that serve our growth agenda. Our UK interests are the producing operated assets include the Thistle, Deveron, Heather, Broom, West Don, Don Southwest, Conrie, Kittiwake, Mallard, Gadwall, Goosander and Grouse producing fields and the Alma/Galia and Kraken developments; EnQuest also has an interest in the non-operated Alba producing oil field.
EnQuest has begun replicating its existing model in the UKCS by targeting previously underdeveloped assets in a small number of other maturing regions; complementing our operations and utilising our deep skills in the UK North Sea. In Malaysia, EnQuest has interests in two blocks offshore Sabah and also a small field risk service contract, Tanjong Baram, offshore Sarawak. In H1 2014, EnQuest also acquired an interest in the Seligi oil field and the PM8 Production Sharing Contract, located offshore Malaysia. Outside of Malaysia EnQuest also has an interest in the Northwest October concession in Egypt and two licences in the Norwegian Sea. EnQuest’s acquisition of interests in the producing Didon oil field in Tunisia completed in mid-July 2014 whilst the Zarat transaction is still pending.
EnQuest targets development and production opportunities in maturing basins, developments which are not large enough to be of interest to the major global oil companies. In-house, EnQuest has the full spectrum of integrated technical capabilities needed to successfully deliver new oil field developments; combining subsurface, facilities planning and drilling. EnQuest believes that these technical skills, combined with its operational scale and its financial strength, leave EnQuest uniquely well positioned to deliver its sustainable growth strategy.