North Sea-focused oil and gas company EnQuest has acquired 50% interest in the UK Continental Shelf Greater Kittiwake Area (GKA).

The £24.7million deal includes a share in the Centrica-owned platform as well as a 100% interest in the Kittiwake-to-Forties oil export pipeline.

“I am delighted to announce our acquisition of these Greater Kittiwake Area assets, giving us an additional UK hub and adding 4.7million barrels of oil equivalent to our reserves,” said Amjad Bseisu, EnQuest chief executive.

“This acquisition fits within our goals of managing mature fields, and of exploiting nearby discoveries and near field exploration opportunities.”

EnQuest will also pay a deferred consideration of US £18.6million for development of the Scolty and Crathes fields which include a tie-back to the Kittiwake platform.

Subject to regulatory approval, the company is hoping to set-up a development and production hub consisting of all three fields.

“Our Scolty and Crathes discoveries are within the area and would benefit from a tie-back to Kittiwake. These opportunities would also allow for the extension of the GKA field life,” Besisu said.

“The transaction also provides infill drilling opportunities in the Greater Kittiwake Area fields and improves the potential from exploration opportunities, both in the GKA area and in our existing acreage nearby.”

The GKA fields have been developed as subsea tie-backs to a steel platform located at Kittiwake. The platform has an oil capacity of 29,000 barrels of oil equivalent per day (boepd) and a water injection capacity of 57,000 boepd.