Full Year 2021 EnQuest PLC Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: James Thompson - JPMorgan Chase & Co, Research Division - Analyst : Great. Obviously, a good start for the year in terms of free cash flow and you're making, obviously, very good progress through net debt, which is good to see. I was just wondering maybe, Amjad, if you could talk a little bit more about how you're thinking about growth or how you're thinking about the longer term beyond the main assets? Obviously, Bressay and Bentley came into the portfolio at very, very attractive considerations based on today's oil price. U.K. has clearly had some headwinds in terms of getting projects moving, things like that. So maybe you could just talk about confidence in maybe being able to get to development on some of the more heavy oil resource. And then beyond that, are you looking maybe to sort of expand more in Malaysia or anywhere else?

Question: James Thompson - JPMorgan Chase & Co, Research Division - Analyst : Okay. And just secondly, just in terms of decommissioning, obviously, you made the decision to shut-in the asset. So there's quite a bit of work there. I was just wondering if you could give us a bit more of an update about progress there? How are you finding well abandonments? Do you think you can save a bit of money in the process relatively speaking? Just be good to understand how that program of work is evolving at this point in time?

Question: James Thompson - JPMorgan Chase & Co, Research Division - Analyst : Yes, I just say building on that capability could potentially be a bit of an advantage. Just a final one for me. In terms of SVT and thinking about net zero and its transition, I mean, should we expect kind of new -- sort of major milestones being hit on that program in 2022? Or is this discussion really for 2023 in terms of potential financial partners or otherwise?