Strong Operational Performance
EnQuest's operational performance was exceptional, with a production efficiency of 89%, which would have been 94% excluding a third-party infrastructure outage. The company achieved 96% of its 2P reserves under its operatorship.
Southeast Asia Expansion
EnQuest expanded significantly in Southeast Asia, operating in 4 countries with 7 assets. The acquisition of Harbour's Vietnam business added flowing barrels, producing over 5,000 barrels in the first half of the year.
Financial Discipline and Deleveraging
EnQuest has reduced its net debt to $377 million and increased liquidity from $475 million at the end of last year to $578 million at the end of June 2025. The company has repaid around $1.6 billion of debt.
Decommissioning Excellence
EnQuest achieved sector-leading performance in decommissioning, completing 81 wells since 2022, and executing the largest lift of topsides in the UK of 15,300 tonnes in 2025.
Southeast Asia Production Increase
Production in Southeast Asia increased by 10% compared to the first half of 2024, with a strong HSE performance of 3 years and over 6 million man-hours LTI-free.
Positive Redetermination Outcome
EnQuest saw a 34% uplift in capacity on its RBL, reflecting the tangibility and consistent delivery of high levels of uptime on its assets.