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EnQuest H1 Revenue USD 518 Million; Sees Production at Lower End of Guidance


2/9 08:02


  • (PLX AI) – EnQuest half year revenue USD 518.3 million, up from USD 450 million last year.
  • • Half year EBITDA USD 345.4 million, up from USD 320.8 million
  • • 2021 average net Group production is expected to be at the lower end of the guidance range of 46,000 Boepd and 52,000 Boepd
  • • This reflects expected performances at Magnus, the Greater Kittiwake Area and PM8/Seligi over the course of the second half of the year
  • • Operating costs are expected to be approximately $300 million, reflecting lower lease charter credits driven by higher uptime at Kraken, additional production enhancement scopes and topside maintenance activities at Magnus, higher diesel costs and sterling strength