Enquest ( (GB:ENQ) ) just unveiled an announcement.
EnQuest PLC has been awarded two Production Sharing Contract blocks, Gaea and Gaea II, in Papua Barat, Indonesia, marking its entry into the Indonesian market. This strategic move expands EnQuest’s presence in South East Asia, complementing its recent activities in Malaysia and Vietnam, and positions the company for growth opportunities across the upstream lifecycle in the region.
More about Enquest
EnQuest PLC is an independent energy company with operations in the UK North Sea and South East Asia. The company focuses on providing creative solutions through the energy transition, aiming to be the partner of choice for the responsible management of existing energy assets. EnQuest applies its core capabilities to create value during this transition and is listed on the London Stock Exchange.
YTD Price Performance: 7.80%
Average Trading Volume: 2,817,898
Technical Sentiment Signal: Sell
Current Market Cap: £248.5M
Learn more about ENQ stock on TipRanks’ Stock Analysis page.