Finance
UK energy firm EnQuest forecasts higher production in 2025
Published by Global Banking & Finance Review®
Posted on February 12, 2025
1 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 12, 2025
1 min readLast updated: January 26, 2026
EnQuest forecasts higher production in 2025, aided by acquiring Vietnamese assets from Harbour Energy, expanding beyond the North Sea.
(Reuters) - British energy group EnQuest forecast higher annual production on Wednesday, helped by its recently announced deal to buy Vietnamese assets from London-listed Harbour Energy.
The group's net production from its existing portfolio averaged 44,200 barrels of oil equivalent per day in January, and it expects pro forma 2025 production to be between 40,000 and 45,000 boped.
The firm's production in 2024 averaged 40,736 boped, it said.
Last month, EnQuest said it would acquire Harbour Energy's business in Vietnam as the North Sea-focused company aims to expand outside its home market.
"EnQuest is successfully delivering its strategy to grow its international footprint, with successive transactions in South East Asia providing geographic and commodity diversification within the portfolio," EnQuest CEO Amjad Bseisu said on Wednesday.
The company will announce its final audited results in March.
(Reporting by Arunima Kumar in Bengaluru)
The article discusses EnQuest's forecast for increased oil production in 2025, supported by acquiring Vietnamese assets.
EnQuest acquired Vietnamese assets from Harbour Energy to diversify and expand its operations.
EnQuest is expanding its operations beyond the North Sea, focusing on South East Asia.
Explore more articles in the Finance category
