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EnQuest concludes Magnus’ acquisition
Dec. 4, 2018
Source: Energy Voice

EnQuest concludes Magnus’ acquisition

UK-based EnQuest has concluded the acquisition of BP’s remaining 75% stakes in the Magnus oil field in £230 million. Additional 9% of the Sullom Voe Oil terminal and two pipeline systems was also sold to EnQuest. The deal will add 60 million barrels of oil equivalent (boe) to EnQuest’s reserves portfolio. EnQuest had acquired 25% stakes in Magnus in December 2017.

   Read More About : BP Mergers and Acquisitions UK
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