EnQuest publishes operational highlights
Published by Louise Mulhall,
Editorial Assistant
Oilfield Technology,
Highlights
EnQuest CEO Amjad Bseisu said:
“EnQuest continues to focus on its strategic priorities in this low oil price environment: strengthening the balance sheet, delivering on production and execution targets and streamlining operations. The targeted reductions in capex and opex announced in March are being realised, in conjunction with continuing excellent operational performance.
Production to the end of April, averaged 42 752 boe/d, up 39% year on year, with 45 933 boe/d in April, benefiting from the production rise of Alma/Galia. The production statistics show the breadth and depth of the operated asset base, with good performances across the board; Thistle and Heather/Broom delivered growth of 19% and 45% respectively. We reconfirm our production guidance for 2016 at between 44 000 boe/d and 48 000 boe/d.
EnQuest’s high operating efficiency and execution capability enable us to realise the optimal performance potential in maturing oilfields, with our low cost delivery vital in current market conditions.”
Adapted from a press release by Louise Mulhall
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/19052016/enquest-publishes-operational-highlights/
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