RE: Operations update21 May 2020 08:56
For the full year, EnQuest has hedged approximately 8.1 MMbbls of oil with an average price of c.$45/bbl. In the first four months of the year, c.2.9 MMbbls of oil hedges with an average floor price of c.$65/bbl, c.0.5 MMbbls with an average floor price of $52/bbl and a further c.0.7 MMbbls with an average price of c.$31/bbl were settled. From May, EnQuest has hedges in place for c.4.0 MMbbls with an average floor price of c.$33/bbl.