January 31, 2018 / 7:41 AM / 19 days ago

EnQuest agrees with BP to run decommissioning of Thistle, Deveron

(Reuters) - EnQuest Plc (ENQ.L), a North Sea-focused oil producer, said it had agreed with BP Plc (BP.L) to manage the decommissioning of Thistle and Deveron fields, located 275 miles north-east of Aberdeen in the United Kingdom.

EnQuest will get $30 million (21.17 million pounds) in cash as part of the deal for handling the process. EnQuest said its current estimate of its exposure to decommissioning costs is lower than the $30 million cash being received.

Reporting by Noor Zainab Hussain in Bengaluru; Editing by Gopakumar Warrier

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below