The acquisition includes a 50% stake in the Greater Kittiwake Area (GKA) and a 100% interest in the Kittiwake-to-Forties oil export pipeline.
EnQuest chief executive Amjad Bseisu said the deal would not only add 4.7 million barrels of oil equivalent to the company’s proven and probable reserves, but would provide additional assets to create a development and production hub, given its proximity to the Scolty and Crathes fields.
“Our
