Enquest (GB:ENQ) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
EnQuest PLC has updated its operational guidance following an unexpected outage at the Ninian Central Platform, which slightly impacted its production targets for 2024. Despite this setback, the company is investing in flare gas recovery to boost performance and expects a capital expenditure of around $250 million for the year. Additionally, EnQuest has terminated a rig contract for the Kraken field, potentially reducing 2025 capital expenditures by approximately $60 million.
For further insights into GB:ENQ stock, check out TipRanks’ Stock Analysis page.
