Pinsent Masons advises Peel Hunt on EnQuest's strategic reverse takeover

Constituting a reverse takeover for the purposes of the UK Listing Rules, the purchase will be made by EnQuest’s wholly owned subsidiary Eclipse Petroleum Production Malaysia Limited. Completion is expected on 31 December 2026, subject to customary completion conditions.

The deal represents a material milestone in the delivery of EnQuest’s growth strategy, significantly expanding its production footprint and opening up new opportunities across Southeast Asia.

Pinsent Masons has a longstanding relationship with Peel Hunt, having acted alongside the bank on several sizeable energy transactions.

The Pinsent Masons team was led by Global Head of Oil and Gas Rosalie Chadwick and Head of Equity Capital Markets Nicholas Holmes, supported by corporate senior associate Kirsty Divers, corporate legal director Megan Thurman, corporate associate Ross Keohane, and tax senior associate Rachel Herron.

Rosalie commented, “With Southeast Asia one of the fastest-growing regions for energy demand globally, there are huge growth opportunities for international companies prepared to invest and able to navigate fragmented regulatory frameworks. This was a high-value, technically complex project and it was a pleasure to work with the Peel Hunt and EnQuest teams to deliver the transaction.”

The deal follows Pinsent Masons having advised on several significant energy transactions in the last month alone, including advising Drax on a £548 million recommended cash offer for Bluefield Solar Income Fund and NEO Next+’s recommended cash takeover of AIM-listed Deltic Energy Plc.