EnQuest plc paid an aggregate £163.8 million to governments for the year ended 31 December 2022. JURISDICTIONS The group paid £39.2 million in the UK and £124.6m in Malaysia. Payments include production entitlements, taxes, royalties and fees for its oil and gas assets in both jurisdictions.
Tag: EnQuest plc
EnQuest production at top end of guidance
EnQuest plc reported strong operational performance for the first quarter of the year with production at the top end of guidance range for 2023. INTEGRITY Average group production was 47,725 boepd, based upon strong “uptime” across the company’s portfolio. Magnus well work programme for 2023 has started, with three wells returned to service following P […]
EnQuest to increase Seligi gas field production
EnQuest plc has agreed to increase gas production from the Seligi field until the end of 2025 to support Peninsular Malaysia’s gas demand. SELIGI The group became operator of Seligi in 2014 and brought its first horizontal well on stream in June 2022. ASSESSMENT The agreement, on behalf of the PM8 (extension) production sharing contract […]
Three EnQuest directors to leave board
EnQuest plc directors Howard Paver, Carl Hughes and John Winterman will leave the board at the end of the general meeting on 5 June. DEVELOPMENTS The changes are in accordance with the company’s strategy “to develop its infrastructure and new energy opportunities alongside its core upstream and decommissioning businesses.” The announcement is also in line […]
EnQuest PDMRs purchase 4.4m shares
EnQuest plc published details of directors and persons closely associated with them purchasing a total of 4,392,142 shares in the company. PDMRs Double A Limited, a company beneficially owned by the extended family of EnQuest chief executive officer Amjad Bseisu, purchased 4,222,033 ordinary shares of £0.05 at a price of £0.2101 each, for a total […]
NSTA sanctions EnQuest and fines Spirit
EnQuest plc and Spirit Energy Ltd are two of three operators fined a total £265,000 for breaches in operations by the North Sea Transition Authority (NSTA). PENALTIES EnQuest was sanctioned and fined £150,000 for flaring an excess 262 tonnes of gas on the Magnus field between 30 November and 1 December 2021 “despite knowing that […]