Harbour Energy plc posted record production and an increase in revenue, while losses doubled on UK taxes and write-offs during 2025. NEW PROJECTS Production increased by 84% to a 474 thousand barrels of oil equivalent per day (2024: 258 kboepd), with new wells and projects in the UK, Norway, Argentina and Egypt. Revenue and other […]
Tag: production guidance
Central Asia meets guidance at Kounrad-Sasa
Central Asia Metals plc reported production within 2025 guidance at its Kounrad copper operation from waste in central Kazakhstan and the Sasa zinc-lead mine in North Macedonia. EFFICIENCY Figures from the solvent extraction–electrowinning (SX-EW) copper recovery plant at Kounrad, near the city of Balkhash, reached 13,311 tonnes, slightly lower than 2024’s figure of 13,439t. The plant […]
Serica further lowers guidance after new setback
Serica Energy plc has again lowered guidance after an “issue with the flare system” on the Triton FPSO temporarily suspended production from 30 September. ROBUST The company said that operator Dana Petroleum had advised that production was “likely to restart shortly”. Rates are expected to be “severely limited until the root cause of the problem […]
Serica cuts full-year guidance
Serica Energy plc has reduced full-year guidance following more issues with the Triton floating production storage and offloading unit, and intervention work in November on the Bittern field. COMPRESSORS The FPSO has a “vibration issue” within the compression trains, resulting in a “significantly reduced rate” of production. Partner and operator Dana Petroleum, which increased production […]
Metals pauses Runruno due to cyanide pollution
Metals Exploration plc said that cynanide contamination has temporarily halted ore processing and production for six weeks at its Runruno gold mine in the Philippines. TUNNELS The company first thought that the contamination originated in water upstream of the mine from illegal mining activity. However, after draining and cleaning the BIOX circuit and inoculting new […]
‘Teething issues’ slow Triton production
Serica Energy plc said that problems had slowed the increase to steady production at the Triton floating production storage and offloading unit, 120 miles east of Aberdeen. GUIDANCE The FPSO in the UK central North Sea produces oil and gas from the Bittern, Clapham, Pict, Saxon, Guillemot Area subsea facilities. Operator Dana Petroleum resumed production […]