EnQuest invests more into Kraken

EnQuest, the largest UK independent oil producer in the North Sea, is to raise its stake in the Kraken oil discovery and become the operator of some blocks in a deal worth between $150m and $240m.

EnQuest, the largest UK independent oil producer in the North Sea, is to raise its stake in the Kraken oil discovery and become the operator of some blocks in a deal worth between $150m and $240m.

The firm is to buy a 25% interest in blocks 9/2b and 9/2c, including Kraken, from Nautical Petroleum which has a gross contingent resource estimate of 160 million barrels of oil equivalents (MMboe).

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