Core Viewpoint - EnQuest forecasts lower annual oil production for 2026 due to a five-week outage at its Magnus field caused by severe weather impacting a third-party platform in the North Sea [1] Group 1: Production Forecast - EnQuest projects 2026 production to be in the range of 41,000-45,000 barrels of oil equivalent per day (boepd) [1] - The previous year's output was 45,606 boepd, which exceeded the company's expectations [1] - The company reported that its facilities were operational approximately 90% of the time last year [1] Group 2: Operational Impact - A "once-in-a-decade" wave damaged the Ninian Central oil production platform, leading to an unplanned outage across the system [1] - Operations at the Magnus field resumed on February 22, following the outage [1] - CEO Amjad Bseisu noted that the year began with extreme weather that disrupted operations in January and February [1]
EnQuest sees lower 2026 oil production after North Sea platform outage
Reuters·2026-02-23 08:01