RE: blue finish ?15 Jun 2021 13:00
The Golden Eagle, Peregrine and Solitaire oil fields have "significant remaining development potential", with anticipated field life extending into the early 2030’s.
Four-well infill drilling programme ongoing, with two of the four wells onstream. The programme is scheduled to conclude prior to completion of the transaction, which is expected to take place no later than the end of the third quarter.
EnQuest has agreed to acquire 100% of the shares in North Sea (Golden Eagle) Resources, a new company which will, at completion of the deal, hold Suncor’s non-operated equity interest in the Golden Eagle area.
The initial consideration of $325m has an additional contingent consideration of up to $50m, payable in the second half of 2023, if dated Brent average crude price equals or exceeds a certain price.