EnQuest Plc announced today that the floating, production, storage and offloading (FPSO) vessel that will operate in the Kraken development is now sailing to deep water anchorage.
Kraken | Offshore Post
EnQuest announced today it has managed to achieve further cost cuts on the Kraken oil field in the UK North Sea as well as reaching a deal with creditors over debt restructuring.
EnQuest is expected to decrease its North Sea production by the end of 2016 after lowering its estimates from the Alma/Galia field.
North Sea FPSO (floating production storage and offloading) unit Armada Kraken is now on track to be delivered to Bumi Armada before it starts operating in the North Sea, Keppel Shipyard announced.
EnQuest announced today it is discussing the sale of a 20% working interest in the UK North Sea Kraken development, with the Israeli Delek Group.