EnQuest Completes Acquisition of Harbour Energy’s Vietnam Business

EnQuest acquires Harbour Energy’s Vietnam business - Drilling Contractor

EnQuest completed the acquisition of Harbour Energy’s business in Vietnam, which holds a 53.125% equity interest in (and operatorship of) the Chim Sáo and Dua production fields (Block 12W). The value of the transaction is $85.1 million and, net of interim period cash flows, the consideration paid by EnQuest was approximately $25.7 million. As of … The post EnQuest acquires Harbour Energy’s Vietnam business appeared first on Drilling Contractor.

EnQuest acquires Harbour Energy’s Vietnam business

EnQuest has acquired Harbour Energy's business in Vietnam, marking a significant expansion of its operations in Southeast Asia.

EnQuest completes acquisition of Harbour Energy’s Vietnam business

Completion confirms EnQuest as the operator and represents another key step in delivering the group’s diversified growth across Southeast Asia. It also aligns with its strategic aim to expand its operating footprint by investing in fast-payback assets, with low capex and reduced carbon intensity. The headline value of the transaction is $85.1 million and, net of interim period cash flows (generated since the effective date of January 1, 2024), t…