What does EnQuest do?
EnQuest is an independent oil and gas development and production company, focused on turning opportunities into value by targeting maturing assets and undeveloped oil fields.
What does EnQuest PLC do?
EnQuest PLC is a United Kingdom-based oil and gas development and production company. The Company’s principal activities are the exploration for, and extraction and production of, hydrocarbons in the United Kingdom Continental Shelf and Malaysia. The Company focuses on maturing assets and undeveloped oil fields.
How many employees does EnQuest?
Peer analysis
| Company | Revenue (TTM) | Employees |
|---|---|---|
| Enquest Plc | 656.52m | 885.00 |
| Pantheon Resources Plc | 0.00 | 9.00 |
| Tullow Oil plc | 1.01bn | 730.00 |
| Cairn Energy PLC | 506.37k | 180.00 |
Is EnQuest a buy?
EnQuest has received a consensus rating of Buy.
Where is the EnQuest producer?
The EnQuest Producer is a Floating Production, Storage and Offloading facility (“FPSO”) originally called the Uisge Gorm. It is located 320 km south east of Aberdeen in Licence blocks 30/24c and 30/25c, in 80m of water.
Why are EnQuest shares falling?
EnQuest shares fell after the oil and gas company cut its production guidance and said spending would be higher than expected.
What does FSO mean in oil and gas?
(Floating Storage and Offloading) FPSO (Floating Production Storage and Offloading) and FSO (Floating Storage and Offloading) systems today have become the primary method for many offshore oil and gas producing regions around the world.
What is FSO in oil and gas industry?
An FSO is a simplified version of an FPSO. It has the capability to store and offload oil and gas but it doesn’t possess the ability to process it.
Who builds FPSOs?
The first oil FPSO was built in 1977 on the Shell Castellon field, located in the Spanish Mediterranean. Today, over 270 vessels are deployed worldwide as oil FPSOs. On July 29, 2009, Shell and Samsung announced an agreement to build up to 10 LNG FPSOs, at the same Samsung Yard.
What is FSO offshore?
marine. An offshore unit equipped for crude storage and offloading to a shuttle tanker. Oil from a floating production unit is transferred by a flexible riser and a swivel through the turret.
Who owns FPSO kikeh?
MDFT Labaun
The FPSO Kikeh is located in 1,350m of water. It is owned by MDFT Labaun and operated by MDPX Sdn Bhd, two joint ventures (JV) between SBM and Misc Berhad. The converted tanker was built in 1974.