Oil and gas firm EnQuest today said its production has increased by 20% on last year.
The company said its North Sea output in the 10 months to the end of October averaged 23,944 barrels of oil equivalent per day (boepd), up from 19,876 boepd year-on-year.
Earlier this year EnQuest dropped its 2011 production target from 26,500 to 23,000-24,500 boepd because of disappointing output from two North Sea wells.
The firm said in September that the Conrie S7 well was producing at lower-than-expected rates and the S8Z area 6 Don Southwest well had declined more quickly than expected.
In an interim management statement released today, EnQuest said it was close to completing its drilling programme for the year – an exploration well was spudded at Crathes earlier this month, and another will be drilled at Tudor Rose this week.
Chief executive Amjad Bseisu said all three of EnQuest’s producing fields – Thistle/Deveron, Dons/Conrie and Heather/Broom – had achieved strong production growth year-on-year.
Mr Bseisu added EnQuest expected the field development plans for the Alma and Galia fields to be approved before the end of the year.
EnQuest, which employs around 260 people in Aberdeen and nearly 1,000 more offshore, was formed last year after oil service giant Petrofac decided to hive off its North Sea oil and gas assets and integrate them with those of Lundin Petroleum.
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