EnQuest plc has agreed an aggregate $833 million (£622m) purchase of four production sharing contracts offshore Malaysia, expanding its position in Southeast Asia. PRODUCTION The acquisition is through three separate farm-out agreements, covering the PSCs, with state-owned Petronas Carigali SDN. BHD. and E&P Malaysia Venture Sdn. Bhd. Of the total sum payable, $554m (£413m) is […]
Tag: production
Harbour posts record production
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 […]
Angus increases Saltfleetby production
Angus energy plc reported a “substantial” increase in production, after completing coil tubing operations on Saltfleetby-B7 and B2 wells, at the gas field on the Lincolnshire coast. DEBT The company recorded average daily production of approximately 6.3 million standard cubic feet per day, over last week, which is around a 30% increase on Q4 2025 […]
Capricorn 2025 production exceeds guidance
Capricorn Energy plc’s production for 2025 exceeded guidance, due to new development wells during the second half of the year on its licences, held with operator Cheiron Energy, onshore Egypt. DEBT Results posted average working interest production of 20,175 barrels of oil equivalent per day, with 41% liquids, higher than the forecast midpoint of 19,000 […]
Serica resumes production from Triton
Serica Energy plc has resumed production from the Triton floating production storage and offloading vessel, following a suspension of operations at the end of last month. INCREASE An issue with the flare system temporarily halted production on 30 September until operator Dana Petroleum resolved the matter. “Production resumed in line with expectations at a limited […]
Prospex JV resumes production at Viura-1B
Prospex Energy plc’s joint venture has retrieved testing equipment left inside the Viura-1B well and restarted gas production in Northern Spain. CASHFLOW Partner and operator Heyco Energía Iberia S.L. resumed production on 17 October and three days later reached 120,000 cubic metres per day. The JV aims for 180,000 cmd plateau production this week. “The […]