EnQuest plc has been granted a four-year extension, expiring in July 2034, to the block 12W production sharing contract in Vietnam. PRODUCTION The extension will allow the company and its partners “to access upside across Block 12W, with prospectivity spread across three gas discoveries and several additional targets”. Since acquiring a 53.125% interest in block 12W […]
Tag: Block 12W – Chim Sáo and Dua production fields – Vietnam
Harbour appoints Gregory Hill as NED
Harbour Energy plc has appointed Gregory Hill as an independent non-executive director on the board, effective from 1 January 2026. Shareholders will vote on Mr Hill’s election at the company’s 2026 general meeting. He is expected to serve on the audit & risk and health, safety, environment & security committees. Mr Hill’s global energy leadership […]
EnQuest completes Vietnam acquisition
EnQuest plc has completed its acquisition of Harbour Energy’s 53.125% equity interest in, and operatorship of, the Chim Sáo and Dua production fields in Vietnam. PRODUCTION The headline value for the assets in Block 12W is $85.1 million with EnQuest paying around $25.7m, net of interim period cash flows since the deal’s effective date of […]
EnQuest expands into Vietnam
EnQuest plc has expanded its southeast Asia business into Vietnam by acquiring a 53.125% equity interest in the Chim Sáo and Dua production fields from Harbour Energy plc. BLOCK 12W The agreement, with a headline purchase of $84 million, is in line with the company’s aim to grow its international operating footprint with “fast-payback assets, […]