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UK energy firm EnQuest forecasts higher production in 2025

Published by Global Banking & Finance Review

Posted on February 12, 2025

1 min read

· Last updated: January 26, 2026

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EnQuest Expects Boost in Oil Production by 2025

(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)

Key Takeaways

  • EnQuest forecasts increased production in 2025.
  • Acquisition of Vietnamese assets aids growth.
  • 2024 production averaged 40,736 boped.
  • Expansion beyond North Sea market.
  • Final results to be announced in March.

Frequently Asked Questions

What is the main topic?
The article discusses EnQuest's forecast for increased oil production in 2025, supported by acquiring Vietnamese assets.
What assets did EnQuest acquire?
EnQuest acquired Vietnamese assets from Harbour Energy to diversify and expand its operations.
Where is EnQuest expanding its operations?
EnQuest is expanding its operations beyond the North Sea, focusing on South East Asia.

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