EnQuest PLC Reports Earnings Results for the Full Year Ended December 31, 2023

EnQuest PLC is a United Kingdom-based independent production and development company. The Company’s operations are focused on maturing and underdeveloped assets in the United Kingdom and Malaysia which offer organic growth opportunities. The Company’s segments include the North Sea and Malaysia. The North Sea’s activities include Upstream operations, Decommissioning and Infrastructure & New Energy. Malaysia’s activities include Upstream operations. Its production operations include its Magnus, Kraken, Golden Eagle, Greater Kittiwake Area, Scolty/Crathes and Alba assets. Its Malaysian operations include its PM8 Extension Production Sharing Contract, consisting of the PM8 and Seligi Fields and the Block PM409 Production Sharing Contract. Its decommissioning operations include the fields; Thistle/Deveron, Heather/Broom, Alma/Galia and The Dons. Block PM409 measures approximately 1,700 square kilometers and is located offshore Peninsular Malaysia in water depths of 70 to 100 meters.