Harbour Vitality has began the event of the Fayoum-Messinian subject near its West Nile Delta infrastructure, with first gasoline anticipated by the tip of 2026, in response to the corporate’s first quarter (Q1) of 2026 buying and selling and operational replace.
In the course of the quarter, Harbour Vitality additionally accomplished drilling of the EZZ-1 and EZZ-2 appraisal wells within the Disouq Concession, holding anticipated gasoline rather than 35 billion cubic ft (bcf) and a pair of million inventory tank barrels (mmstb) of related condensate.
The UK-based firm posted Q1 2026 revenues of $3.0 billion, up from $2.8 billion a 12 months earlier, supported by stronger realised oil and European gasoline costs
Linda Z Prepare dinner, CEO of Harbour Vitality, emphasised the corporate’s robust operational reliability and execution throughout its portfolio, enabling the supply of over half 1,000,000 barrels of oil and gasoline per day in Q1 of 2026.
“The battle within the Center East has created unprecedented disruption to vitality markets, limiting oil and gasoline flows and driving important value volatility. Towards this backdrop, we stay centered on enjoying our half in delivering the oil and gasoline the world wants, safely and effectively,” stated Prepare dinner.
The corporate recorded a worldwide output of 506,000 barrels of oil equal per day (boe/d) through the quarter, barely up from 500,000 boe/d a 12 months earlier. This was supported by finishing the $3.2 billion acquisition of US LLOG Exploration Firm, including new wells, and undertaking start-ups in international locations together with the US, Argentina, Norway, and Egypt.
Harbour Vitality operates the Disouq gasoline subject within the Nile Delta and holds important pursuits within the West Nile Delta undertaking along with bp. Lately, the corporate solidified its presence by signing a landmark settlement with EGPC and EGAS to develop the North King Mariout and El Arish Mediterranean fields alongside bp.
