EnQuest in North Sea push

By Bill Lehane

 30 March 2012 01:11 GMT

UK independent EnQuest expects to spend half its capital investment budget on the Alma-Galia redevelopment this year in a drive to double company output within three years, writes Bill Lehane.

Chief executive Amjad Bseisu said the North Sea oilfields, formerly known as Argyll and Duncan, were essential to the producer’s medium-term target of increasing output to 40,000 barrels per day by 2014.

“This is critical because the growth is coming from that asset,” Bseisu said of the Central Graben fields, which EnQuest hopes will add 20,000 barrels to its current 23,698-barrel output from three North Sea assets, Don, Thistle-Devron and Heather-Broom.

The company is refitting the Uisge Gorm floating production storage and offloading vessel, now renamed the EnQuest Producer, which it bought in…

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