The Kraken development is one of the largest development projects undertaken in recent years in the UK North Sea.
Kraken is a heavy oil producing asset and is the largest single asset in EnQuest’s portfolio. First oil was delivered in June 2017, with the field development plan completed around the end of the first quarter of 2019. More than 26 million barrels of oil equivalent have been produced since first oil to end of 2019 and the Group is now embarking on the next stage of the field's development, with a producer and injector pair being drilled into the western area. Assessment of further near-field, short-cycle drilling opportunities is ongoing. Kraken is expected to have a long field life of over 20 years with the prospect of relatively low decommissioning costs.