EnQuest PLC
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Amjad Bseisu
- Full Time Employees
- 719
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- Cunard House London GL United Kingdom SW1Y 4LR
- IPO Date
- Apr 6, 2010
- Website
- enquest.com
- Similar Companies
- Business
- EnQuest PLC EnQuest PLC is an independent energy company focused on the exploration, development, production, and decommissioning of hydrocarbons, with principal operations in the UK North Sea and Southeast Asia; core upstream assets include the Magnus, Kraken, Golden Eagle, Greater Kittiwake Area, Scolty/Crathes, and Alba fields in the UK, the PM8/Seligi fields in Malaysia, and the Chim Sao and Dua fields in Vietnam; midstream activities encompass operation of the Sullom Voe Terminal and related infrastructure, including in-field pipelines, risers, and umbilicals; the company also provides manpower, contracting, procurement services, crude oil marketing and trading, leasing, and manages decommissioning programs for mature assets. Founded in 2010 and headquartered in London, United Kingdom, EnQuest PLC organizes its global operations into UK and Malaysia upstream divisions alongside a dedicated decommissioning directorate, targeting maturing and underdeveloped assets for organic growth while advancing energy transition initiatives such as transforming Sullom Voe Terminal into a European energy hub through carbon storage, electrification, e-fuels, and onshore wind development. Recent developments include the completion of the acquisition of Harbour Energy's Vietnam business in 2025, securing a 53.125% operated interest in Block 12W's Chim Sao and Dua fields adding 7.5 million boe of net 2P reserves; expansion of the Seligi gas agreement and award of the DEWA Production Sharing Contract in Malaysia, contributing up to 500 Bscf of gas in place; sanctioning of the Magnus Flare Gas Recovery project qualifying for UK Energy Profits Levy decarbonisation allowances; takeover of Shell's Greater Kittiwake Area decommissioning operator role; and progression toward final investment decisions on Kraken Enhanced Oil Recovery and Bressay gas import projects, alongside a 70% reduction in Kraken FPSO lease rates from April 2025.
Company News
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Enquest's Malaysian acquisition to proceed as deals clear pre-emption
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Enquest's Malaysian deal tipped to transform scale and cash generation
Enquest shares soar as Malaysian reverse takeover promises decisive evolution
UK's EnQuest expands Malaysian presence with $833 million assets deal
EnQuest reiterates annual output forecast, plans to raise shareholder returns
Enquest shares dented as 2025 earnings arrive shy
Oil producer EnQuest maintains 2026 production outlook despite Mideast war, profit slump
EnQuest sees lower 2026 oil production after North Sea platform outage
Enquest is "all time" cheap says stockbroker, repeating 'buy' recommendation
UK's EnQuest expects to surpass its 2025 production targets