The Enquest Producer is docked at Nigg
Enquest seeks more low-cost deals
The UK and Malaysia-focused producer is in the market for assets, but ideally those without a price tag
“We are in the market looking for assets,” says Amjad Bseisu, CEO of UK independent Enquest, “[but] the focus will be leveraging our capabilities. This means looking at the Magnus or [Malaysian] PM8/Seligi-type deals where there will be little or no equity upfront… to take over assets.” And the firm is looking at whether it can use its Enquest Producer floating production, storage and offloading (FPSO) vessel, currently berthed at Nigg in northwest Scotland after the Alma/Galia field began a decommissioning process, as a tool in such a deal. “We are seeing more offers for outright sale of the Enquest Producer,” says Bseisu . “But we are also looking at some options internally to see if we ca
Also in this section
13 March 2025
Gas will become a more important part of the energy mix longer-term raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
12 March 2025
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
