LONDON, March 25 (Reuters) - British North Sea-focused oil
producer EnQuest on Thursday reported 2020 free cashflow
of $211 million, down around 43%, while cost cuts allowed it to
reduce net debt to just under $1.3 billion from $1.4 billion.
In 2021, it forecasts output of 46,000-52,000 barrels of oil
equivalent per day with its current portfolio.
It has hedged 5 million barrels of its production at an
average floor price of $55 a barrel, it said.
(Reporting by Shadia Nasralla; editing by Jason Neely)
Enquest (ENQ)