EnQuest PLC EnQuest Malaysia Update (6676Y)
2023年5月9日 - 3:00PM
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RNS Number : 6676Y
EnQuest PLC
09 May 2023
EnQuest PLC, 09 May 2023
EnQuest Malaysia Update
EnQuest is pleased to announce that it has, on behalf of the PM8
(Extension) ('PM8E') production sharing contract ('PSC') parties,
signed an agreement with PETRONAS to support Peninsular Malaysia's
gas demand by providing additional gas from the Seligi field
through the existing PM8E PSC facilities until the end of 2025.
This agreement is expected to increase EnQuest's gas production
by around 25 mmscf per day (50 mmscfd gross), initially from
associated gas, with the partnership assessing the drilling of
additional gas-producing wells over time. Increasing gas production
aligns with EnQuest's strategy of responsibly managing existing
energy assets, enhancing exposure to gas and international assets,
and will contribute to a reduction in EnQuest's carbon
intensity.
Commenting on the agreement, EnQuest Chief Executive Officer,
Amjad Bseisu said: "I am pleased with the progress on this
agreement enabling Enquest to supply gas through existing
infrastructure and look forward to continuing to work with our
valued partner Petronas on unlocking further potential
supplies."
Ends
For further information, please contact:
EnQuest PLC Tel: +44 (0)20 7925
4900
Amjad Bseisu (Chief Executive)
Salman Malik (Chief Financial Officer)
Ian Wood (Head of Investor Relations, Communications
& Reporting)
Craig Baxter (Senior Investor Relations Manager)
Teneo Tel: +44 (0)20 7353
4200
Martin Robinson
Martin Pengelley
Harry Cameron
Notes to editors
ENQUEST
EnQuest is providing creative solutions through the energy
transition. As an independent energy company with operations in the
UK North Sea and Malaysia, the Group's strategic vision is to be
the partner of choice for the responsible management of existing
energy assets, applying its core capabilities to create value
through the transition.
EnQuest PLC trades on both the London Stock Exchange and the
NASDAQ OMX Stockholm.
Please visit our website www.enquest.com for more information on
our global operations.
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END
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