EnQuest PLC Kraken FPSO in the field and hooked up (1293X)
February 17 2017 - 2:00AM
UK Regulatory
TIDMENQ
RNS Number : 1293X
EnQuest PLC
17 February 2017
ENQUEST PLC, 17 February 2017
Development update: Kraken FPSO in the field and hooked up
The Kraken development
The Kraken Floating Production Storage and Offloading ('FPSO')
vessel arrived at the field on Monday 13 February, anticipating
good weather conditions. The hook up of the Submerged Turret
Production ('STP') buoy mooring system, to the FPSO was completed
on 15(th) February and a full rotation test performed so that the
vessel is now on station and securely moored. Commissioning work
will continue on the topsides. Reconstruction of the turret area
pipework and connection of the risers and umbilicals to the swivel
stack is being undertaken followed by commissioning of the subsea
infrastructure. Delivery of first oil in Q2 2017 is on track.
Ends
For further information please contact:
EnQuest PLC Tel: +44 (0)20 7925 4900
Amjad Bseisu (Chief Executive)
Jonathan Swinney (Chief Financial Officer)
Michael Waring (Head of Communications & Investor
Relations)
Tulchan Communications Tel: +44 (0)20 7353 4200
Martin Robinson
Martin Pengelley
Notes to editors
EnQuest is one of the largest UK independent producers in the UK
North Sea. EnQuest PLC trades on both the London Stock Exchange and
the NASDAQ OMX Stockholm. Its operated assets include
Thistle/Deveron, Heather/ Broom, the Dons area, the Greater
Kittiwake Area, Scolty/Crathes and Alma/Galia, also the Kraken
development; EnQuest also has an interest in the non-operated Alba
producing oil field. At the end of December 2016, EnQuest had
interests in 25 UK production licences, covering 35 blocks or part
blocks and was the operator of 23 of these licences.
EnQuest is replicating its model in the UKCS by targeting
previously underdeveloped assets in a small number of other
maturing regions; complementing its operations and utilising its
deep skills in the UK North Sea. In which context, EnQuest has
interests in Malaysia where its operated assets include the
PM8/Seligi Production Sharing Contract and the Tanjong Baram
development.
Forward looking statements: This announcement may contain
certain forward-looking statements with respect to EnQuest's
expectation and plans, strategy, management's objectives, future
performance, production, reserves, costs, revenues and other trend
information. These statements and forecasts involve risk and
uncertainty because they relate to events and depend upon
circumstances that may occur in the future. There are a number of
factors which could cause actual results or developments to differ
materially from those expressed or implied by these forward looking
statements and forecasts. The statements have been made with
reference to forecast price changes, economic conditions and the
current regulatory environment. Nothing in this presentation should
be construed as a profit forecast. Past share performance cannot be
relied on as a guide to future performance.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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