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Article archive for EnQuest plc;
A £4bn investment in a major oil field off Shetland has been given the go-ahead by the Department of Energy and Climate Change, and is the largest investment announced in the UK Continental Shelf this year. The Kraken field, which is estimated to contain nearly 140m barrels of oil, is majority-owned by Aberdeen-based EnQuest....
EnQuest PLC, the largest independent UK oil producer in the North Sea, has secured a brownfield tax allowance to fully exploit its Thistle oilfield. The next phase in the life extension programme for Thistle, made possible by the February 4 announcement, will safeguard almost 500 existing North Sea jobs and create 1,000 new jobs across the UK oil and gas supply chain....