(Alliance News) – Harbour Energy PLC on Thursday announced that it aims to continue to “mature our organic growth opportunities” as it expects oil equivalent output in 2026 to be lower than in 2025.
The oil and gas producer with operations across Europe, Latin America, North Africa and Southeast Asia said production averages 474,000 barrels of oil equivalent per day in 2025, up 84% from 258,000 in 2024.
The realised post-hedge oil price was USD69 per barrel in 2025, down 16% from USD82 in 2024.
For 2026, the firm expects output to fall by at least 4.0% on-year to between 435,000 and 455,000 boepd. Harbour Energy said that this was supported by new projects and wells onstream including in Norway, partially offsetting UK managed decline and the divestment of its Vietnam business.
Chief Executive Officer Linda Z Cook said: “Looking to 2026, our priorities include delivering another year of outstanding operational performance, continuing to mature our organic growth opportunities, strengthening the balance sheet and completing the announced transactions, all of which position us better for the future.”
Harbour Energy shares were 3.7% lower at 213.90 pence each on Thursday morning in London.
By Tom Budszus, Alliance News slot editor
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