EnQuest has announced an operations update. The Company has continued to deliver strong operational performance across its operated portfolio during the early part of the year, with production to the end of April above the top end of 2023 guidance.
EnQuest has announced results for the year ended 31 December 2022 and outlook for 2023. Production was at the mid-point of the guidance range, the Company generated significant free cash flow of $518.9 million and reduced its year end net debt to $717.1 million, its lowest level since 2014.
EnQuest PLC, 17 February 2023 Full year 2022 operations update and 2023 guidance Record free cash flow drives c.$500 million reduction in. | February 25, 2023
EnQuest has announced a full year 2022 operations update and 2023 guidance. Record free cash flow drives c.$500 million reduction in debt; capital structure reset with debt maturities extended to 2027