Revenue declined 6% to $549.1 million, while cost of sales rose 10% LONDON: EnQuest PLC reported a statutory net loss of $173.5 million for the first half of 2025, citing a $123.9 million non-cash adjustment linked to the UK’s extended Energy Profits Levy. The oil and gas group maintained production guidance despite infrastructure outages and…
Acquisition of Harbour Energy’s Vietnam Business LONDON: EnQuest has signed a Sale and Purchase Agreement to acquire Harbour Energy’s business in Vietnam, which includes the 53.125% equity interest in the Chim Sáo and Dua production fields. This transaction aligns with the Group’s strategic aim to grow its international operating footprint by investing in fast-payback assets,…
LONDON, UK: EnQuest Plc has completed the acquisition of a 26.69% non-operated equity interest in the Golden Eagle Area Development. As the acquisition constitutes a reverse takeover under the Listing Rules, the admission of the Company’s ordinary shares to the premium listing segment of the Official List maintained by the Financial Conduct Authority (FCA) and…
LONDON: EnQuest PLC, an independent oil and gas production and development company, is awarded the Block PM409 Production Sharing Contract (PSC) in partnership with PETRONAS Carigali Sdn Bhd (PCSB) by PETRONAS. Under the terms of the PSC, EnQuest will operate the block with a participating interest of 85.0%, with PCSB owning the remaining 15.0%. Block…