EnQuest PLC Directorate Change (4760J)
29 June 2017 - 6:00PM
UK Regulatory
TIDMENQ
RNS Number : 4760J
EnQuest PLC
29 June 2017
ENQUEST PLC
29 June 2017
Retirement of Dr Philip Nolan
EnQuest PLC announces that Dr Philip Nolan will be stepping down
as a Director of the Company with effect from 4 July, when he
assumes new responsibilities as Non-Executive Chairman of
Associated British Ports Holdings Limited, the direct holding
company of Associated British Ports.
Jock Lennox, Chairman of EnQuest said: "Since 2012, Phil has
played a significant role in the development of EnQuest PLC,
including most recently the milestone of first oil at the Kraken
project. I would like to thank him on behalf of the Board for his
unstinting and valuable contribution to the Company and wish him
well for the future."
In conjunction with an independent search firm, the process of
building on the Company's rotation plans continues.
Ends
For further information please contact:
EnQuest PLC Tel: +44 (0)20 7925 4900
Stefan Ricketts
Company Secretary
ENQUEST
EnQuest is one of the largest UK independent producers in the UK
North Sea. EnQuest PLC trades on both the London Stock Exchange and
the NASDAQ OMX Stockholm. Its operated assets include
Thistle/Deveron, Heather/ Broom, the Dons area, the Greater
Kittiwake Area, Scolty/Crathes Alma/Galia and Kraken; EnQuest also
has an interest in the non-operated Alba producing oil field. At
the end of December 2016, EnQuest had interests in 25 UK production
licences, covering 35 blocks or part blocks and was the operator of
23 of these licences.
EnQuest believes that the UKCS represents a significant
hydrocarbon basin, which continues to benefit from an extensive
installed infrastructure base and skilled labour. EnQuest believes
that its assets offer material organic growth opportunities, driven
by exploitation of current infrastructure on the UKCS and the
development of low risk near field opportunities.
EnQuest is replicating its model in the UKCS by targeting
previously underdeveloped assets in a small number of other
maturing regions; complementing its operations and utilising its
deep skills in the UK North Sea. In which context, EnQuest has
interests in Malaysia where its operated assets include the
PM8/Seligi Production Sharing Contract and the Tanjong Baram Risk
Services Contract.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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