EnQuest completes acquisition of 50% of the Greater Kittiwake Area


EnQuest PLC, 3 March 2014

EnQuest PLC ('EnQuest') today announces that it has completed the acquisition of
the UKCS Greater Kittiwake Area ('GKA') assets previously owned by Centrica
North Sea Oil Limited ('Centrica'), as well as Centrica's 100% interest in the
Kittiwake to Forties oil export pipeline.  The GKA includes the Kittiwake,
Mallard, Gadwall, Goosander and Grouse fields. This agreement and all the other
associated details of the transaction were announced on 22 October 2013.

Ends

For further information please contact:

EnQuest PLC
Tel: +44 (0)20 7925 4900
Amjad Bseisu (Chief Executive)
Jonathan Swinney (Chief Financial Officer)
Michael Waring (Head of Communications & Investor
Relations)

Tulchan Communications
Tel: +44 (0)20 7353
4200
Martin Robinson
David Allchurch
Martin Pengelley

Notes to editors

EnQuest is the largest UK independent producer in the UK North Sea. Oil and gas
development and production company EnQuest PLC, trades on both the London Stock
Exchange and the NASDAQ OMX Stockholm. It is a constituent of the FTSE 250
index. Its assets include the Thistle, Deveron, Heather, Broom, West Don, Don
Southwest and Conrie producing fields and the Alma and Galia and Kraken
developments. At the end of H1 2013, EnQuest had interests in 33 production
licences covering 45 blocks or part blocks in the UKCS, of which 25 licences are
operated by EnQuest. In addition, EnQuest also has an interest in two blocks
offshore in Sabah, Malaysia.

EnQuest believes that the UKCS represents a significant hydrocarbon basin in a
low risk region, which continues to benefit from an extensive installed
infrastructure base and skilled labour. EnQuest believes that its assets offer
material organic growth opportunities, driven by exploitation of current
infrastructure on the UKCS and the development of low risk near field
opportunities. www.enquest.com

Forward looking statements: This presentation may contain certain forward
looking statements with respect to EnQuest's expectation and plans, strategy,
management's objectives, future performance, production, costs, revenues,
reserves and other trend information. These statements and forecasts involve
risk and uncertainty because they relate to events and depend upon circumstances
that may occur in the future. There are a number of factors which could cause
actual results or developments to differ materially from those expressed or
implied by these forward looking statements and forecasts. The statements have
been made with reference to forecast price changes, economic conditions and the
current regulatory environment. Nothing in this presentation should be construed
as a profit forecast. Past share performance cannot be relied on as a guide to
future performance.

No representation or warranty, express or implied, is or will be made in
relation to the accuracy or completeness of the information in this presentation
and no responsibility or liability is or will be accepted by EnQuest PLC or any
of its respective subsidiaries, affiliates and associated companies (or by any
of their respective officers, employees or agents) in relation to it.

Attachments

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