Welcome to EnQuest
Welcome to EnQuest
EnQuest is an oil and gas production and development company focused on turning opportunities into value by targeting maturing assets and undeveloped oil fields.
EnQuest intends to deliver sustainable growth by focusing on exploiting its existing reserves, commercialising and developing discoveries, converting contingent resources into reserves and pursuing selective acquisitions.
In this low oil price environment, EnQuest’s priorities are to deliver on execution targets, to streamline operations and to strengthen the balance sheet.
EnQuest has the right mix of capabilities, which focus on production and development opportunities in maturing basins.
Through its proven skills, EnQuest delivers industry leading levels of production efficiency and of cost control, creating opportunities for it to add value to the assets it manages. EnQuest has the full spectrum of integrated technical capabilities needed to deliver new oil field developments successfully; combining subsurface, facilities planning and drilling. EnQuest has substantial operational scale.
EnQuest is one of the largest UK independent oil producers in the UK North Sea. EnQuest’s assets include producing oil fields and new developments. EnQuest is also building a presence in oil basins outside the UK North Sea, with substantial production from Malaysia.
Production in the first six months of 2016 averaged 42,520 Boepd, strong growth of 43% on H1 2015, with production increases in every operated asset.
Continued further reductions in operating costs, H1 2016 unit opex was ahead of target at $23/bbl, benefiting from additional cost saving initiatives, including savings from EnQuest's offshored procurement hub.
EnQuest’s high operating efficiency, great execution and low cost capabilities are essential for the challenges of the current market conditions