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Announced

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EnQuest completed the acquisition of a 27% stake in Golden Eagle fields from Suncor for $375m.

Synopsis

EnQuest, a petroleum exploration and production company, completed the acquisition of a 27% stake in Golden Eagle fields from Suncor, a Canadian integrated energy company, for $375m. "We are delighted to have completed the acquisition of a material interest in the high-quality, low-cost Golden Eagle development. As a highly cash generative asset, delivering material incremental production, reserves and resources, Golden Eagle is a great addition to our portfolio, further strengthening the company. We look forward to a productive partnership with the operator, CNOOC and our joint venture partners, NEO Energy and ONE DYAS," Amjad Bseisu, EnQuest CEO.

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