London-listed EnQuest on Nov. 18 warned of worse-than-expected output this year due to continued problems at its aging North Sea Magnus facilities, a contributor to Brent blend crude, while it raised hopes of a boost from a new acquisition. In a statement, EnQuest, which specializes in reviving North Sea fields, forecast its full-year production, including a portion in Malaysia, would be 45,000 b/d of oil equivalent, down from a previous guidance range of 46,000-52,000 b/d. Production over the first 10 months was 44,300 boe/d including 5,000 boe/d in Malaysia.
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