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EnQuest remains on track to deliver against its 2022 targets. Performance at Kraken has been strong, with the FPSO continuing to operate with top quartile uptime. Full year guidance remains unchanged.
EnQuest has announced results for the year ended 31 December 2021 and 2022 outlook. The Company made good progress against its strategic objectives in 2021, concluding three acquisitions, refinancing its senior secured debt facility, generating significant free cash flow of $396.8 million and reducing year end net debt to $1,222.0 million, its lowest level since 2014.