Production from 1 January to 30 April 2013 averaged 20,494 Boepd, reflecting the third party shutdowns of the Brent pipeline in Q1 2013. EnQuest confirms production guidance of between 22,000 Boepd and 27,000 Boepd for the full year.

Amjad Bseisu, Chief Executive, said

“EnQuest’s growth and execution remain on course. We are on track to submit the field development plan (‘FDP’) for Kraken by mid-year and to sanction the project later in 2013. The well results in north Kraken are in line with expectations and give further confidence in the field development. We completed our acquisition of 8% of the Alba field in Q1 2013, which has similar characteristics to Kraken. Alba adds four non-operated wells to the twelve wells that EnQuest had originally planned for 2013. The Alma/Galia project remains on track for first production in Q4 2013 and dry dock work on the vessel is now complete. With the increase in scope for a potential second phase, our schedule is challenging but achievable. Since the publication of our 2012 results, production continues to be in line with our guidance, driving strong cash flow generation.

We continue to look at opportunities to acquire assets in the UK, as well as other regions, such as in the Norwegian North Sea, South East Asia and North Africa, where our expertise and capabilities can be applied to maturing assets and development opportunities.”


•Alma/Galia. The Alma/Galia development project remains on track for the production of first oil in Q4 2013. The main elements of the subsea system are now in place and the EnQuest Producer vessel has left dry dock on schedule and is now alongside the quay in Hamburg for the remainder of the work.

•Kraken. EnQuest remains on track for submission of the Kraken FDP in Q2 2013. Subject to anticipated regulatory approval, EnQuest’s sanction of the Kraken development is expected later in 2013. An appraisal well has been drilled at Kraken and confirms the north Kraken area.

Further details

•Thistle/Deveron. Production was down year on year due to the shutdown of the third party Brent pipeline, as well as water injection downtime due to an outage of the old ‘B’ turbine generator and to commissioning of the new ‘D’ turbine. Water injection has been re-instated following commissioning of the new D turbine and refurbishment of the B turbine should be completed in June 2013. Drilling is currently underway on the next production well in the Western Fault block

•Dons. Although the Don fields were also impacted by the Brent pipeline shutdowns, the West Don W6/W4 producer/injector pair performed well, following the tie-in of the new W6 injector well in Q1 2013. This contributed to 25% year-on-year production growth from the Don fields. The Don Southwest Area 6 DS producer is scheduled to be brought online in Q2 2013, with an associated water injector to be drilled later in the year

•Heather/Broom. The drilling programme at Heather will start in Q3 2013, following the completion of drilling on Thistle and the commissioning of the refurbished rig on Heather. The Broom field has been performing as expected

•Alba. Platform well A38z (S36) is currently being drilled, part of a 2013 programme which includes three platform wells and one subsea well


•Following the batch drilling of six wells in 2012, the manifold and subsea ‘Xmas tree’ systems were installed in Q2 2013 and the umbilical and the riser installation projects are underway. The mooring pile fabrication has also been completed

•In Hamburg, work continues on the EnQuest Producer ‘FPSO’ (Floating Production, Storage and Offloading vessel). The vessel has now left dry dock and moved to the quay. The Electric Power Module and Process Module have been lifted onto the FPSO. The Boiler Module has been completed and is en route to Hamburg. Work continues on the Degasser and the Water Injection Modules


•The results of the appraisal well drilled in Q2 2013 confirm the north Kraken area. The reservoir is oil filled and the thickness of the sand is as expected. PVT (fluid) samples have been taken for analysis

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