EnQuest invests £169m in Thistle

Oil explorer EnQuest will plough £169m into the Thistle field in the North Sea, creating almost 1,000 new jobs in Aberdeen, Newcastle, Manchester and Swansea over the next three years and increasing production threefold, thanks to a brownfield tax allowance. It will also safeguard around 500 existing North Sea jobs. The allowance, which is one of the government’s measures to stimulate investment in the North Sea, will extend the life of the field and help award contracts to around 30 UK companies.