Enquest (ENQUF) is a UK-based petroleum exploration and production company which operates in the United Kingdom Continental Shelf and Malaysia. The firm has interests in oil fields located in the Northern North Sea. In 2016, Enquest restructured its debt and issued PIK bonds maturing in 2023. After that, the company's performance improved, especially in 2018 when the Kraken oilfield was developed and significantly added to the company's oil output. Kraken is one of the biggest subsea heavy-oil field projects in the UK sector of the North Sea. Enquest holds 70% interest in the asset and