Enquest (GB:ENQ) has released an update.
EnQuest PLC has been awarded a significant production sharing contract for the DEWA Complex Cluster in Malaysia, marking a promising venture in a proven hydrocarbon area. With a 42% stake, EnQuest will lead the development of the block, which has the potential to supply substantial gas into the Sarawak gas system. This partnership with Petroleum Sarawak and Longboat Energy signifies a strategic move for EnQuest to capitalize on undeveloped discoveries and showcases its expertise in efficient resource management.
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