EnQuest is delighted to announce the launch of Veri Energy (‘Veri’), a wholly owned subsidiary of the Group, focused on progressing world scale decarbonisation and new energy projects, including carbon capture and storage, green hydrogen, and electrification at the Sullom Voe Terminal (‘SVT’) in Shetland.
EnQuest CFO, Salman Malik, now takes up the role of CEO of Veri, enabling him to provide focused leadership to deliver a meaningful contribution to a just energy transition.
EnQuest remains the operator of SVT and will continue to support existing users with high levels of operating efficiency whilst supporting Veri to progress new energy opportunities at the terminal.
Commenting on the change, Salman Malik said, “I am proud that as EnQuest’s CFO we delivered strong financial results, significantly de-levered the balance sheet and strengthened the capital structure. I am passionate about energy transition and committed to establishing Veri as a leading infrastructure and new energy company. Through Veri, we initially plan on transforming SVT into a green energy hub, with ambitions to export those capabilities to other assets internationally in the future.”
