Transcription of EnQuest 2017 Full Year Results
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EnQuest 2017 Full Year Results
EnQuest 2017 . Full Year Results Amjad Bseisu Chief Executive Agenda Overview Amjad Bseisu, CEO. Financials Jonathan Swinney, CFO. Operations overview: Kraken Richard Hall Head of Major Projects UK and Malaysia Bob Davenport Managing Director - North Sea Summary Amjad Bseisu, CEO. EnQuest performance A transformational year 2017 . Kraken first oil delivered in Q2; full cycle gross project capital expenditure further reduced Acquisition of interests in Magnus and the Sullom Voe Oil Terminal completed in December Group production averaged 37,405 Boepd in 2017 .
8 US Dollars 2017 2016 Business performance $ million Business performance $ million Revenue 635.2 849.6 Cost of sales (569.5) (653.5) Gross profit 65.7 196.1
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