7 September 2017
EnQuest PLC Board Appointment
EnQuest PLC ('EnQuest') is pleased to announce the appointment of John Winterman as a Non-Executive Director of the EnQuest Board with effect from 7 September 2017. On joining the board, John Winterman will become a member of the Audit, Risk and Remuneration Committees.
John, a member of the American Association of Petroleum Geologists, has significant oil and gas experience in global exploration, business development and asset management. John is currently a non-executive director of CC Energy, the energy division of the privately held construction company CCC.
Jock Lennox, Chairman of EnQuest said: "We are delighted to have John joining the Board of EnQuest. He brings with him 40 years of experience in the oil and gas sector, which includes 15 years of executive responsibilities at Occidental. We look forward to working with him."
John Winterman’s Biography:
John Winterman holds a B.Sc. in geology from Queen Mary College, London University and is a member of the American Association of Petroleum Geologists. John has extensive leadership experience in global exploration, business development and asset management and has a strong record of exploration success globally with over two billion barrels of oil equivalent discovered in the Philippines, Indonesia, Bangladesh, Malaysia, Russia, United States and Yemen. John joined Occidental in 1981 and after a 20+year technical career as a geologist with the company, moved into executive roles, these included high-level leadership positions in exploration, new business development and in asset management. John left Occidental in 2013 and since then he has provided strategic advice to international oil and gas companies.
This announcement is made pursuant to paragraph 9.6.13R of the Listing Rules of the UK Listing Authority ('UKLA'). There are no other disclosures to be made pursuant to the paragraph 9.6.13R (1)-(6) of the Listing Rules.
For further information please contact:
EnQuest PLC Tel: +44 (0)20 7925 4900
EnQuest is one of the largest UK independent producers in the UK North Sea. EnQuest PLC trades on both the London Stock Exchange and the NASDAQ OMX Stockholm. Its operated assets include Thistle/Deveron, Heather/ Broom, the Dons area, the Greater Kittiwake Area, Scolty/Crathes Alma/Galia and Kraken; EnQuest also has an interest in the non-operated Alba producing oil field. At the end of December 2016, EnQuest had interests in 25 UK production licences, covering 35 blocks or part blocks and was the operator of 23 of these licences.
EnQuest believes that the UKCS represents a significant hydrocarbon basin, 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.
EnQuest is replicating its model in the UKCS by targeting previously underdeveloped assets in a small number of other maturing regions; complementing its operations and utilising its deep skills in the UK North Sea. In which context, EnQuest has interests in Malaysia where its operated assets include the PM8/Seligi Production Sharing Contract and the Tanjong Baram Risk Services Contract.