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EnQuest to buy 26.7% stake in North Sea Golden Eagle project

Reuters
Updated

(Reuters) - Oil and gas producer EnQuest Plc on Thursday said it signed an agreement to purchase a 26.7% equity interest in the Golden Eagle development in the UK North Sea for an initial consideration of $325 million.

The London-listed company said the agreement to purchase Suncor Energy UK Ltd's entire non-operated equity interest in the Golden Eagle area will add immediate material production and cash flow.

(Reporting by Shanima A in Bengaluru; Editing by Bernard Orr)