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EnQuest cuts 2020 operating costs further to $335 mln

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LONDON, April 9 (Reuters) - British North Sea oil and gas producer EnQuest cut its operating costs by a further $40 million to $335 million from previous guidance and senior management will take a voluntary 20% pay cut to weather an oil price slump, it said on Thursday.

EnQuest now expects it will reach its cash flow breakeven point at an oil price of $33 a barrel of oil equivalent this year and $27 per boe next year, lower than previous guidance. (Reporting by Shadia Nasralla; Editing by Catherine Evans)

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