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IN BRIEF: Harbour Energy notes "significant" gas find in Indonesia

Mon, 13th May 2024 10:09

Harbour Energy PLC - oil and gas company operating in UK North Sea, with additional assets in Indonesia, Vietnam, Mexico and Norway - Notes operator Mubadala Energy's announcement that the Tangkulo-1 exploration well has made a "significant" discovery of gas at the South Andaman licence, offshore North Sumatra, Indonesia, of which Harbour Energy has a 20% interest. Says this follows the major discovery at Layaran-1 well on South Andaman back in December. Harbour Energy says the rig will now move to appraise the Layaran discovery, marking the final well of this exploration and appraisal campaign.

Current stock price: 308.20 pence, up 2.7%

12-month change: up 27%

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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