Mid-cap oiler EnQuest preparing to release the Kraken
The Kraken in this case is not some giant, mythical, squid-like beast, but a rather large North Sea
Company
EnQuest
LON:ENQ
EnQuest PLC, a powerful new oil & gas production and development company with a geographic focus on the United Kingdom Continental Shelf. The company has been formed from the demerged North Sea interests of Lundin Petroleum and Petrofac. EnQuest’s assets have been contributed by Petrofac and Lundin on a debt free basis.
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EnQuest looking forward to cash generation and deleveraging as Kraken start-up nears
EnQuest expects to grow production to 45,000 to 51,000 boepd in 2017, depending on the timing of Kraken.
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EnQuest 'Kraken on' as production vessel arrives on site
One of the largest current developments in the North Sea, Kraken will ramp up to a plateau rate of 50,000 barrels of oil equivalent per day.
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Hurricane Energy and EnQuest are London’s standout E&Ps - Macquarie
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EnQuest achieves ‘first oil’ at Scolty-Crathes, but warns of Brent pipeline delays
The Scolty and Crathes wells are now online, and Kraken is due to start-up in the first half of 2017, but delays to planned third-party maintenance on the Brent Pipeline System means EnQuest will miss production guidance for this year.
EnQuest’s Kraken set for first half start-up, FPSO to sail soon
The Kraken oil field is due for start up in the first half of 2017.
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