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Production tipped to slip
Enquest pulled an average 59,116 barrels of oil equivalent out of the ground per day in 2020, it said. This was down from the 68,606 barrels of the black stuff it produced in the prior year.
Cheerily, its gigantic Kraken oilfield in the North Sea generated a daily average of 26,450 barrels of oil in 2020. This was at the top end of guidance thanks to the high operation of floating production storage and offloading (FPSO) units at the asset. Enquest’s share of Kraken output averaged 25,172 barrels a day in 2019.