EnQuest acquires 25% interest in Magnus field from BP

12/1/2017

LONDON -- EnQuest PLC has announced that it has completed the acquisition of an initial 25% interest in the Magnus oil field (Magnus) in the UK North Sea, as well as a 3.0% interest in the Sullom Voe Oil terminal and supply facility (SVT) and additional interests in associated infrastructure from BP as planned. EnQuest is now the operator of both Magnus and SVT. 

This acquisition and the associated details of the transaction were originally announced on Jan. 24, 2017.

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