Last checked at 25 Jun 2015 07:00
25 June 2015
Appointment of Philip Holland as a Non-Executive Directorof EnQuest PLC
EnQuest PLC is pleased to announce the appointment of Philip Holland as a Non-Executive Director with effect from 1 August 2015.
Phil has very significant international project management experience in the energy sector, in particular in oil & gas. He held a number of senior positions at the Shell Group, including that of Executive Vice President, Shell Projects and Technology. Prior to Shell, Phil led the management of large scale Oil & Gas projects in a range of international locations for the Bechtel Corporation.
James Buckee, Chairman of EnQuest:
"I am delighted to welcome Phil to EnQuest as a Non-Executive Director. Phil's extensive project management experience in particular makes him a valuable addition to the Board and I look forward to working with him as EnQuest continues to develop and implement its strategy."
This announcement is made pursuant to paragraph 9.6.13R of the Listing Rules of the UK Listing Authority ('UKLA'). There are no other disclosures to be made pursuant to paragraph 9.6.13R (1) - (6) of the Listing Rules.
Contacts:
Michael Waring EnQuest +44 (0) 20 7925 4900
Martin Robinson / Martin Pengelley Tulchan +44 (0) 20 7353 4200
Notes to editors
EnQuest is the largest UK independent producer in the UK North Sea. EnQuest PLC trades on both the London Stock Exchange and the NASDAQ OMX Stockholm. As at May 2015, its operated assets include the Thistle, Deveron, Heather, Broom, West Don, Don Southwest, Conrie, Kittiwake, Mallard, Gadwall, Goosander and Grouse producing fields and the Alma/Galia, Kraken and Ythan developments; EnQuest also has an interest in the non-operated Alba producing oil field. EnQuest had 34 UK production licences at the start of 2015, covering 45 blocks or part blocks, and was the operator of 29 of these licences. This increases to 38 production licences including the 28th round awards awarded in Q1 2015, covering 54 blocks or part blocks in the UKCS, 33 of the licences are operated by EnQuest.
EnQuest is also replicating its model in the UKCS by targeting previously underdeveloped assets in a small number of other maturing regions; complementing its operations and utilising its skills in the UK North Sea. In which context, EnQuest has interests in Malaysia where its operated assets include the PM8/Seligi Production Sharing Contract ('PSC') and the Tanjong Baram development, EnQuest also has an interest in the non-operated SB307/SB308 blocks.