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EnQuest exits Tunisia after disappointing oil production outlook

Reuters - UK Focus

LONDON, Feb 2 (Reuters) - North-Sea focused oil producer EnQuest (LSE: ENQ.L - news) has cancelled operations in Tunisia after determining that it expected no material oil production from the Didon field in which it agreed to acquire a stake in 2013.

"EnQuest announces today that it has exited from its small investment in Tunisia," the company said in a statement.

A $23 million payment EnQuest had made into an escrow account to acquire the stake has been returned, it said. (Reporting by Karolin Schaps; editing by Jason Neely)