On 24 January 2017 EnQuest announced that it has agreed a deal with BP to acquire a 25% interest and operatorship in the Magnus field, a 3% interest in the Sullom Voe terminal and supply facility, a 9% interest in the Northern Leg Gas Pipeline (NLGP) and a 3.8% interest in the Ninian Pipeline System (NPS). This equity has been acquired for a consideration of USD 85 million which will be funded by deferred consideration payable from the cash flow of the Transaction assets. EnQuest announced on 1 December 2017 that the deal has now completed. In addition to the completed deal, EnQuest has an option to acquire the remaining 75% interest in Magnus and BPâs interest in the aforementioned infrastructure.  Magnus was discovered in 1974 and is a giant Jurassic oil, gas and condensate field. The field was initially developed via a single platform with seven subsea satellite wells for production and injection located in the northern and southern parts of the field. The field was brought onstream in 1983. Following a decline in production in 1995 there was a change in the development strategy adding 13 new wells, completed with gas lift. In the same period six injectors were drilled targeting particular compartments. Then in 2000 an EOR scheme for the field was launched with WAG injection. This was followed in 2003 with miscible hydrocarbon gas injection. At the time gas from the field was a light methane/ethane gas which was too lean for optimal miscible recovery. The gas supply pipeline was therefore re-routed around Sullom Voe where the gas was enriched by injecting propane and butane. This gas supply came from Schiehallion via the West of Shetland Pipeline System to Sullom Voe and then on to Magnus for EOR. Interest in Magnus following the completion of the deal is EnQuest Plc (25% + operator) and BP Exploration Operating Co Ltd (75%).
United Kingdom (Viking Graben Province) ? op. by CNR (87.06%, JX HOLDG 12.94%) in Ninian block