EnQuest (ENQ)

Sector:

Energy Producers

Index:

FTSE Small Cap

12.62p
   
  • Change Today:
      0.20p
  • 52 Week High: 16.50p
  • 52 Week Low: 10.34p
  • Currency: UK Pounds
  • Shares Issued: 1,860.03m
  • Volume: 1,813,114
  • Market Cap: £234.74m
  • Beta: 0.01

EnQuest removes Heather Alpha topsides in huge lift operation

By Josh White

Date: Thursday 14 Aug 2025

LONDON (ShareCast) - (Sharecast News) - EnQuest announced the completion of the safe removal of the Heather Alpha topsides on Thurdsay, marking a major milestone in its North Sea decommissioning programme.
The London-listed company said the 15,300-tonne structure was lifted in a single operation on 11 August by the Allseas-owned Pioneering Spirit, the largest planned single lift in the North Sea this year.

It said the removal followed three years of planning, engineering and offshore preparation by EnQuest's in-house decommissioning team in collaboration with Allseas and other specialist contractors.

The topsides were being transported to Frederikshavn in Denmark for dismantling, with over 95% of the structure expected to be recycled and repurposed to minimise the project's carbon footprint.

"The removal of the Heather Alpha topsides is a tremendous accomplishment for the EnQuest team, as well as our colleagues at Allseas and across the project support network," said EnQuest decommissioning director John Allan.

"The Pioneering Spirit completed the lift in around 14 seconds, but that astonishing reality was only made possible by three years of meticulous planning, engineering and preparation works.

"After almost 50 years of operations in the North Sea, Heather Alpha's legacy is to be an exemplar of a best-in-class decommissioning project, from inception to the responsible recycling of its materials."

At 1039 BST, shares in EnQuest were down 0.83% at 12.57p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

EnQuest Market Data

Currency UK Pounds
Share Price 12.62p
Change Today 0.20p
% Change 1.61 %
52 Week High 16.50p
52 Week Low 10.34p
Volume 1,813,114
Shares Issued 1,860.03m
Market Cap £234.74m
Beta 0.01

EnQuest Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.23% above the market average95.23% above the market average95.23% above the market average95.23% above the market average95.23% above the market average
77.46% above the sector average77.46% above the sector average77.46% above the sector average77.46% above the sector average77.46% above the sector average
Price Trend
20.82% below the market average20.82% below the market average20.82% below the market average20.82% below the market average20.82% below the market average
31.51% above the sector average31.51% above the sector average31.51% above the sector average31.51% above the sector average31.51% above the sector average
Income
96.65% above the market average96.65% above the market average96.65% above the market average96.65% above the market average96.65% above the market average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average
Growth
85.9% below the market average85.9% below the market average85.9% below the market average85.9% below the market average85.9% below the market average
86.36% below the sector average86.36% below the sector average86.36% below the sector average86.36% below the sector average86.36% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 1
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

EnQuest Dividends

  Latest Previous
  Final Final
Ex-Div 01-May-25 n/a
Paid 06-Jun-25 n/a
Amount 0.62p 0.000¢

Trades for 20-Aug-2025

Time Volume / Share Price
16:35 119,122 @ 12.62p
16:35 970 @ 12.62p
16:35 2,578 @ 12.62p
16:35 864 @ 12.62p
16:35 609 @ 12.62p

EnQuest Key Personnel

CEO Amjad Bseisu
CFO Jonathan Copus

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