EnQuest takes over at Sullom Voe, Magnus as BP deal closes

EnQuest became the operator of another North Sea field and a major oil terminal today.

The company confirmed it had completed its deal with BP for a 25% stake in the Magnus oil field and 3% of the Sullom Voe Oil terminal in Shetland.

The London-listed firm first announced the acquisition in January.

Closure of the deal means it is now operator of both assets.

More to follow.

The post EnQuest takes over at Sullom Voe, Magnus as BP deal closes appeared first on Energy Voice.

Read full original article »