Business
EnQuest expands decommissioning operator role
EnQuest expands decommissioning operator role.
About this update from Enquest Plc
[{"type":"text","content":"\n\nEnQuest PLC, 28 August 2024\nEnQuest expands Decommissioning Operator role in the Greater Kittiwake Area\n \nEnQuest Heather Limited ('EnQuest'), owner and operator of the Greater Kittiwake Area ('GKA')\nfields, along with Shell U.K. Limited ('Shell') and Dana Petroleum (E&P) Limited ('Dana'), are\nresponsible for the decommissioning of the GKA fields.\n \nRecognising EnQuest's ability to deliver safe results, market-leading decommissioning\nperformance and cost and schedule efficiencies, the joint venture has appointed EnQuest to\ncontinue as GKA operator for the full decommissioning scope with Shell transferring its\ndecommissioning management role to EnQuest. Note: Shell had retained operator responsibility\nfor decommissioning the Kittiwake platform and the Mallard field, a subsea tie-back to the\nKittiwake platform, when it divested the GKA fields.\n \nThe GKA infrastructure is expected to continue production into the late 2020's with EnQuest\nproactively planning for a managed decommissioning programme post cessation of production.\n \nEnQuest is delivering on its strategic objective to be the preferred decommissioning operator in\nthe North Sea. EnQuest has demonstrated market leading decommissioning operator\nperformance through execution of complex decommissioning projects, including the removal of\nthe EnQuest Producer and Northern Producer facilities and the ongoing and extensive well plug\nand abandonment ('P&A') scopes at the Thistle and Heather fields at 40% below benchmark\ncosts. EnQuest is on track to complete the P&A of 77 wells, which represents 60% of the\nEnQuest operated suspended and shut-in wells, within 5 years of cessation of production.\n \nJohn Allan, EnQuest Decommissioning Director, said \"this is a great vote of confidence in\nEnQuest by our GKA partners Shell and Dana. It reflects our strong track record of safe, efficient\nand successful execution of complex decommissioning scopes which is an important part of our\ncompany growth strategy. \"\n \nEnds\n \nFor further information please contact:\n \n\n\n\n\nEnQuest PLC\n\n\nTel: +44 (0)20 7925 4900\n\n\n\n\nAmjad Bseisu (Chief Executive Officer)\n\n\n \n\n\n\n\nJonathan Copus (Chief Financial Officer)\n\n\n \n\n\n\n\nCraig Baxter (Head of Investor Relations and Corporate Affairs)\n\...