Enquest, the largest UK independent producer of oil in the UK sector, has agreed the sale of its new North Sea headquarters in Aberdeen for £45.1million.
The company has already taken up official occupancy of the newly-built office in the city centre which has been bought by Rockspring Hanover (Aberdeen) Property Unit Trust.
Enquest has taken a 20-year lease over the office space in the new building.
The net proceeds to Enquest is £12.6 million after adjusting for obligations.
Enquest’s overall net debt is reduced by $69.9 million as a result of the transaction. The proceeds of the sale will be used for general corporate purposes.
Last week, Enquest president for the North Sea, Neil McCulloch, told Energy Voice the sector was still very much open for business.
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