Enquest production decline hits profits

Enquest, a FTSE 250 oil and gas company, has delivered first-half production of 20,253 barrels of oil equivalent per day (boepd), already beating the lower-end of its target for the full year of between 20,000 boepd and 24,000 boepd.

Enquest, a FTSE 250 oil and gas company, has delivered first-half production of 20,253 barrels of oil equivalent per day (boepd), already beating the lower-end of its target for the full year of between 20,000 boepd and 24,000 boepd.

However, this came in lower than the same period the previous year when production was 25,210 boepd.

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