While EnQuest reiterated its FY19 guidance with solid and stable production at Kraken since March, the company is starting to look at the story’s upside. From 2020, EnQuest will start derisking its 200 mmboe 2C contingent resources representing c. 80% of its 2P reserves. A large proportion of these resources only reflects increased recovery factor and unswept areas of the production fields. Magnus (50 mmbbl 2C), Kraken (38 mmbbl 2C) and Seligi (68 mmboe 2C) are particularly important. O
23 May 2019
Turning our eyes to the upside case
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Turning our eyes to the upside case
EnQuest PLC (ENQ:LON) | 16.1 -0.1 (-2.2%) | Mkt Cap: 309.2m
- Published:
23 May 2019 -
Author:
Stephane Foucaud -
Pages:
12
While EnQuest reiterated its FY19 guidance with solid and stable production at Kraken since March, the company is starting to look at the story’s upside. From 2020, EnQuest will start derisking its 200 mmboe 2C contingent resources representing c. 80% of its 2P reserves. A large proportion of these resources only reflects increased recovery factor and unswept areas of the production fields. Magnus (50 mmbbl 2C), Kraken (38 mmbbl 2C) and Seligi (68 mmboe 2C) are particularly important. O