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Enquest ( (GB:ENQ) ) has shared an update.
EnQuest PLC has announced a new agreement to develop additional gas resources at the Seligi field in Malaysia, in partnership with PETRONAS Carigali and E&P Malaysia Venture. This agreement, effective from January 2025, allows EnQuest to supply 70 mmscf per day of sales gas by modifying its existing infrastructure, enhancing its production of non-associated gas and supporting Malaysia’s energy needs. The initiative aligns with EnQuest’s strategy to reduce carbon intensity and emphasizes Malaysia as a key growth area for the company.
More about Enquest
EnQuest PLC is an independent energy company that operates in the UK North Sea and Malaysia. The company focuses on providing creative solutions through the energy transition, aiming to responsibly manage existing energy assets and create value. EnQuest trades on the London Stock Exchange.
YTD Price Performance: -29.31%
Average Trading Volume: 2,843,912
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £197.7M
See more data about ENQ stock on TipRanks’ Stock Analysis page.
