EnQuest: ACQUISITION OF 25% INTEREST IN THE MAGNUS OIL FIELD COMPLETED

ACQUISITION OF 25% INTEREST IN THE MAGNUS OIL FIELD COMPLETED

EnQuest PLC (‘EnQuest’) today announces that it has completed the acquisition of an initial 25% interest in the Magnus oil field (‘Magnus’), a 3.0% interest in the Sullom Voe Oil terminal and supply facility (‘SVT’) and additional interests in associated infrastructure from BP as planned. EnQuest is now the operator of both Magnus and SVT.

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