EnQuest is in talks with Delek Group for the sale of a 20% stake in the Kraken field development project offshore the UK. “Upon completion of any deal, Delek will pay EnQuest US $20m for a period of up to five years at an annual interest of 3% which shall be returned to Delek in the event that its costs are not covered by revenues within five years from the completion date,” EnQuest said.
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