Bluebeam Cegal magazine OGV 2023 Calendar 2024 events
EnQuest plans $138 million rights issue to buy all of Magnus oil field

UK-focused oil company EnQuest which already owns a quarter of the Magnus oil field, is planning a rights issue for $138 million (107 million pounds) to help it buy the rest from BP it said on Friday.

If successful, the deal, which would see EnQuest pay $100 million, would bring 60 million barrels of reserves to EnQuest’s portfolio.

It has the right to buy the stake from BP by Jan. 15 2019.

Published: 07-09-2018

OGV Energy will use the information you provide on this form to be in touch with you and to provide updates and marketing. Please let us know all the ways you would like to hear from us:

OGV Magazine 78 wellpro