EnQuest Streamlines North Sea Operations with 15% Stake Sale in Bressay Field and FPSO
EnQuest divests a 15% working interest in the Bressay field and EnQuest Producer FPSO in the UK North Sea to Viaro Energy's subsidiary RockRose UKCS 10 for £46 million.
Initial payment of £34.75 million fuels EnQuest's corporate needs, with the remaining sum tied to future Bressay cash flows.
RockRose takes on its share of capital expenditures for the Bressay development.
This move allows EnQuest to focus on developing the wider Kraken area, including a Bressay gas tie-back solution for emission reduction and an early production project.
Bressay, a giant untapped field acquired by EnQuest in 2021, holds significant potential with over 115 million barrels of net 2C resources.
