LONDON, Feb. 22 (UPI) -- Even as pressure builds on the North Sea energy sector, British energy company EnQuest said it strengthened its hold over the Kraken oil field.
For an undisclosed sum, Enquest announced it took a stronger hold on the Kraken field alongside its non-operator partner Cairn Energy. Kraken is one of the few fields slated to ramp up production in a North Sea sector facing pressure from the low price of crude oil.