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Enegi Oil CEO: marginal field initiative to generate considerable benefits to UK economy

Published: 15:41 14 Apr 2015 BST

Enegi Oil (LON:ENEG) Chief Executive Alan Minty tells Proactiveinvestors about the oil and gas group’s focus on reducing the costs of onshore projects and  exploiting some of the less economic oil and gas discoveries off the coast of the UK. He says that despite initially thinking the low oil price would be a hindrance to their marginal field programme, it has in fact created opportunity. “We can develop marginal fields, economically, at the current oil price,” he said.

Minty said  linking up with big industry players like shipping company Braemar and remote-control specialist Kongsberg will help take the marginal field initiative to the next stage of its development. “Kongsberg are renowned for their control systems, automations and process so consequently will aid us enormously in reducing the op-ex side… Braemar, they bring a plethora of contacts  and opportunities” he said.

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