EnQuest expands footprint in Malaysia

EnQuest has expanded its footprint in Malaysia through the $67mn acquisition of ExxonMobil’s operated interest in the producing Seligi oil field and PM8 production sharing contract (PSC). The deal will contribute approximately 5,000 boe/d of net production and 11mn boe of net 2P (proven plus probable) reserves to EnQuest. EnQuest and Petronas Carigali will each hold a 50% participating interest after completion.