Production from January to October 2019 was 68.5 mboe/d (=1H19 production). FY19 production guidance is being reiterated at 63-70 mboe/d. Net debt at the end of October was US$1,561 mm down from US$1,638 mm at the end of June. EnQuest anticipates net debt to drop further to US$1.5 bn at YE19. Gross production at Kraken has averaged 34.3 mbbl/d with 90% production efficiency in the last few months.
21 Nov 2019
FLASH: Operating update
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FLASH: Operating update
EnQuest PLC (ENQ:LON) | 14.1 0 0.0% | Mkt Cap: 269.7m
- Published:
21 Nov 2019 -
Author:
Stephane Foucaud -
Pages:
2
Production from January to October 2019 was 68.5 mboe/d (=1H19 production). FY19 production guidance is being reiterated at 63-70 mboe/d. Net debt at the end of October was US$1,561 mm down from US$1,638 mm at the end of June. EnQuest anticipates net debt to drop further to US$1.5 bn at YE19. Gross production at Kraken has averaged 34.3 mbbl/d with 90% production efficiency in the last few months.