EnQuest plans largest work programme since 2014 this year

EnQuest (LON: ENQ) plans to carry out its largest sanctioned programme of work since 2014 in the coming year, with a range of drilling and decom in the pipeline.

In a trading update, the North Sea operator said operational expenditure is expected to total $430 million in 2022, with capital spend of $165 million, which includes drilling its first new wells in more than two years.

In the pipeline, EnQuest is planning to drill nine wells and carry out seven workovers in 2022, said chief executive Amjad Bseisu.

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Photo Credit: Energy Voice.