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EnQuest is the largest UK-based independent oil company in the UK North Sea. Since its initial public offering (IPO) in 2010, EnQuest has been growing rapidly. It generated $581 million in EBITDA in 2014 and targets a long-term average compound annual growth rate of 10% for production and reserves. It has net 2P oil reserves of 220 million barrels, with net contingent resources of 171 million barrels. It operates its own production licences and has a workforce of 2,000 and production of 50,000 barrels/day net.