Since announcing the acquisition of Harbour Energy's Vietnam business in July, EnQuest has wasted no time in getting to grips with its new assets.
The company recently confirmed that several well intervention projects had gone ahead and been successfully completed.
In July, EnQuest confirmed that it had completed the acquisition of Harbour Energy's business in Vietnam for a 53.125% equity interest and operatorship of the Chim Sáo and Dua production fields (Block 12W) in a transaction valued at around US$85mn.
Since signing the deal, EnQuest reported that the Vietnam asset team has successfully completed a planned annual maintenance shutdown, on time and within budget, and executed three of six scheduled well intervention scopes, which have added around 1,200 barrels of oil equivalent per day (boepd) of gross production.
“Net asset production in the first half of 2025 averaged 5.7 kboepd, with the potential for further in-year upside relating to well intervention activity and performance and the positive impact of a production-enhancing chemical soaking process undertaken during the shutdown,” a recent EnQuest statement noted.
The Vietnam acquisition was soon followed by a separate announcement with EnQuest awarded a production-sharing agreement (PSC) for offshore Block C in Brunei Darussalam, as it grows its footprint across the region.
Block C hosts the condensate-rich gas discovered fields of Merpati, Meragi and Juragan.
Alongside another recent award of PSCs in Indonesia, EnQuest continues to grow its business beyond its core Malaysia operations, where it recently celebrated 10 successful years.
In June, the company was recognised at at the Petronas Emerald Awards ceremony in Kuala Lumpur as Malaysia’s ‘Operator of the Year’ and also landed an additional award for ‘Abandonment Excellence’.
After announcing the Vietnam acquisition, EnQuest CEO, Amjad Bseisu, said South East Asia remains central to the group’s overall growth and diversification strategy.
“We are excited by the opportunity to utilise our proven operating expertise to optimise, enhance and extend the Block 12W assets in Vietnam,” he said.
