The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: James Thompson - JPMorgan Chase & Co, Research Division - Analyst
: A couple of questions, please. Firstly, Jonathan, can you just run us through the refinancing piece again? I mean, obviously, the bank debt is due
in 2021. I mean, given the oil price outlook now, what's your expectation for refinancing of the bank debt?
And secondly, Amjad, obviously, you've made an acquisition on Bressay. I mean, clearly, that looks like kind of option for you really. It's something
that's probably not going to get sanctioned at this sort of oil price, but clearly, a better macro can help. I just wondered whether you could maybe
comment at all on whether there's any more opportunities in the U.K. North Sea, particularly post BP's big strategy call and their decision to
significantly reduce their upstream. I mean, is that something where maybe EnQuest can potentially get or build their asset or continue to build
their asset base?
Question: James Thompson - JPMorgan Chase & Co, Research Division - Analyst
: Okay. Okay. That's very clear. Just one separate question, if I may, actually. In terms of the EnQuest producer, what are your thinking about what
you can do with the vessel at this point in time? And how much is it going to kind of cost to keep it stacked at the key side in the U.K.?
Question: James Thompson - JPMorgan Chase & Co, Research Division - Analyst
: That was a very strong operational performance given the kind of COVID logistical headwinds that we faced in the first half of the year. So well
done there.
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