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Enquest Boosts Magnus Stake To 100%

by rigzone.com posted 2weeks ago 19 views
EnQuest completes the acquisition of a 75% interest in the North Sea Magnus oil field from BP. : Independent oil and gas production and development company, EnQuest plc, revealed Monday that it has completed the acquisition of a 75 percent interest in the North Sea Magnus oil field from BP plc. EnQuest now has a 100 percent equity stake in the field. The company highlighted Monday that the addition of Magnus is expected to add approximately 60 million barrels of oil equivalent (MMboe) of 2P reserves and approximately 10 MMboe of 2C resources.

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