Member Info for Neversellshell22

Mubadala Energy has launched the search for a large floating production, storage, and offloading (FPSO) vessel to develop its major gas finds offshore Indonesia in the Andaman Sea. The move signals a critical next step in advancing what could become one of Southeast Asia’s most significant gas projects.

The UAE-based energy company, a subsidiary of Mubadala Investment Company, has made two major discoveries in the South Andaman Production Sharing Contract (PSC): the Layaran field in December 2023 and the Tangkulo field in May 2024. According to Mubadala, the discoveries together hold more than 8 trillion cubic feet (Tcf) of gas in place, positioning the Andaman acreage as a potential new hub for regional gas supply.

While Mubadala has yet to announce official figures for recoverable reserves, joint venture partner Harbour Energy, a leading UK independent, has confirmed that the resource base spans multiple Tcf of recoverable gas — reinforcing the scale and strategic value of the discoveries.

The proposed FPSO is expected to serve as the backbone of field development, allowing Mubadala to process and export gas from the remote offshore basin efficiently. The FPSO solution is likely to be paired with subsea infrastructure, enabling the company to monetize reserves and meet growing regional energy demand, particularly in Indonesia and nearby LNG markets.

These developments are part of a broader push by Mubadala Energy to strengthen its upstream gas portfolio in Asia and support the energy transition by expanding low-carbon gas production. The company has been active in Southeast Asia for over a decade and is now consolidating its position as a major player in Indonesia’s evolving energy landscape.

As work on front-end engineering and design (FEED) progresses, the FPSO tender process will attract interest from major offshore contractors, and could represent one of the largest floating production projects in Asia over the next few years.

https://globalflowcontrol.com/newsroom/mubadala-energy-to-develop-giant-andaman-gas/

Harbour advertising for the following in Mexico...

Geologist

Senior Completion Engineer

Things maybe moving on a bit.

Now just to do the deal with Penex, Slim and Talos to get the Zama party started.

A lot of patience is a good start.

To be fair we have moved from £1.40 to over £2.00 so hopefully the journey is just beginning…

My biggest concern by far is a hostile takeover….

Vaca Muerta 2nd largest shale gas in world. We holder 2 large licences

Huge interest from offtakers for Sothern Energy LNG which we are partners in

Argentina ‘hot” investment Country. 50$ Billion investment confirmed in oil and Gas..

Huge Resource in Mexico in various fields with supportive government.

2C Resources in Mexico being converted into 2C Reserves shortly.

Khan appraisal updated to over 500 million barrels in place.

Harbour/Talos/Slim discussions to take over Zama Operatorship, clock ticking.

Richest man in Mexico significant Harbour & Talos Shareholder

Production begins in Norway Maria Phase 2

New Oil discovery in Skarv field

Norway great fields and 100 licences with multiple proven successes

Strong reliable fields in German with over 95% efficiency

Options over large Indonesia / Andaman discoveries giving choice of sale or farm down.

Recruitment taking place in Indonesia showing intent from Harbour.

One of Europe’s largest CCS operators with commercial operation in 2026

Viking & Acorn funding announced in spending review.

Wind Fall Tax Consultation completed, imminent decision due

Over 19 years of reserves currently.

Opex only 14$ per barrel

Good balance of crude oil, European and International Gas

Excellent hedging though 2025 and beyond.

Capex significantly reduced next year

Authority to reduce Shares by removing BASF holding. Buy backs expected very soon.

Stable production at approx. 500k BOPD

Massive dividend approx 9% currently

Https://www.bp.com/en/global/corporate/what-we-do/our-reset-strategy-at-work.html?gad_source=1&gad_campaignid=22292141995&gclid=Cj0KCQjwj8jDBhD1ARIsACRV2TumJSuvp_mKALtmOtglrvY0zh8W0Jwfh5VpQ1UTwXILWy7QQ-jWULYaAsrTEALw_wcB

Thats a very decent read meoryou.

Thank you. Givfes a big vote of confidence to BPs future.

Perhaps we wont be taken over after all ???

harbour getting their feet under the table and taking on an internship.

must be things going on ?????

are you passionate about data?

join our 6-month internship program in the performance & integration management department at harbour energy and gain hands-on experience with competitive benefits, including a monthly pocket allowance, professional mentorship, and networking opportunities!

🔍 requirements:

🎓 bachelor’s degree in statistics (gpa ≥ 3.00, graduated within 2 years)

💬 fluency in english, both written and spoken, is required.

💻 proficient in ms excel

✅ proficient in data visualization and reporting using power bi.

we have a huge acreage and significant presence in indonesia, notably through our 20% stake in the south andaman licence, where mubadala energy has made recent gas discoveries at the layaran-1 and tangkulo-1 wells. harbour also holds a 40% stake in the andaman ii licence, where it is the operator. these activities are part of a broader exploration campaign in the area, including drilling the halwa and ***o wells on andaman ii.

Some very serious cash being spent in Argentina and we are with some great companies.....

Argentina is undergoing a historic transformation in its energy sector, driven by over USD$50 billion in hydrocarbon investments across upstream, midstream, and downstream segments.

Anchored in the prolific Vaca Muerta formation, these projects span Neuquén, Mendoza, Río Negro, Chubut, Santa Cruz, and Buenos Aires, involving global energy leaders like YPF, Shell, Chevron, Vista, Tecpetrol, Pampa Energía, Pan American Energy, Pluspetrol, Phoenix Global Resources, Harbour Energy, TGS, Equinor, CNPC, CGC, Enap Sipetrol, Golar LNG, Total Austral, Aconcagua Energía and Eni.

From shale oil and gas development to massive LNG export infrastructure, Argentina is positioning itself as a top-tier global energy exporter. Strategic partnerships, cutting-edge technology, and favorable regulatory frameworks like RIGI (Regime for Large Investments) are accelerating this shift. These projects' scale, diversity, and ambition signal a new era of energy security, economic growth, and global competitiveness for Argentina.

The consortium contacted more than 40 potential offtakers (buyers) who "showed a lot of interest in the Argentine project according to Pourteau.

Likewise, the executive stressed that "we have around 15 advanced proposals in terms and conditions specific to a purchase and sale of LNG." "Southern Energy 's goal is to become a reliable supplier to its customers and LNG-importing countries," he stressed.

The executive also stressed that Southern's potential markets are Brazil, Europe and, above all, Asia. "The Asian market currently demands 411 million tonnes per year (MTPA) and is expected to practically double by 2040 and consume around 700 MTPA," he remarked.

The Southern Energy consortium is made up of PAE (30%), YPF (25%), Pampa Energía (20%) and Harbour Energy (15%) and Golar (10%), which provides the liquefaction vessels. It is the first LNG export initiative in Argentina.

All moving very quicky in the right direction.....

Total extends concession and bets heavily on southern gas:

In a new strategic step for the Argentine energy sector, Total Austral

together with its partners HARBOUR ENERGY and Pan American Energy (PAE), agreed with the government of Tierra del Fuego to extend the concession of the Southern Marine Basin 1 (CMA-1), committing investments of more than 530 million dollars until 2041.

We hold 37.5% so our investment is 200$ Million.....

Not to be sniffed at.............

From Dassera on ADVN....

I asked ChatGPT for a view...

Harbour Energy (HBR.L) is sitting at 205p right now — and everything about this chart screams breakout incoming.

We’re seeing a classic compression pattern:

Clean bounce off the April low at 146p

Higher highs, higher lows, full reversal structure

50-day moving average now slicing up through the 100-day — this is the signal institutional traders wait for

Volume’s been quietly building. The pros are already getting positioned.

Next resistance? 210p — and once that goes, this won’t hang around.

You’ve got a 9% dividend while you wait, a restructured global business post-Wintershall Dea, and optional upside from the CCS deal with BP.

But none of that will matter after the price has moved.

You either take the position now, ahead of the breakout —

Or you read about it in the papers after it’s already run 20%.

Your call.

Simon Hentry moving to BP is a very big move indeed.

He was No 3 at Shell covering the CFO job for 7 years and come with the highest calibre.

It could be just me but I genuinely believe that BP are now on the right track and should do very very well in the next few years.

Hopefully capture a great Chairman and we are at the races...

A very steady week with us going up 3.75%.

Very happy for us to nudge along at that rate.

August should be very interesting but for me the Buy Backs or BASF Buy out is the one Im interested in.

Plus Argentina, Mexico, Andaman, Norway, UK, CSS and anything else....lol

Back over £4.............

Onwards and upwards.....

Personally I can’t see the war going on much longer. With Russian finances getting worse, Europe supporting Ukraine and the Orange one on side I think it’ll be over this year.

There will have to be some kind of trade discussion for all European companies including us.

When we can cash in or keep Rosneft our future will look even brighter…

Getagrip…

Best post I’ve read for age.

But with the yanks on,y sponging for a few more year, Green agenda parked and whilst keeping trousers on its looking better.

Let’s be fair the Murray was only a bean counter in the previous regime.

With our new chairman very soon, clear strategy andgoals and a fair wind, our board might turn into World Beaters…

Stranger things have happened……

EnQuest PLC ("EnQuest" or "the Group") is pleased to announce that it has completed the acquisition of Harbour Energy's business in Vietnam, which holds a 53.125% equity interest in (and operatorship of) the Chim Sáo and Dua production fields ('Block 12W'). Completion confirms EnQuest as operator and represents another key step in delivering the Group's diversified growth across South East Asia and aligns with its strategic aim to expand its operating footprint by investing in fast-payback assets, with low capex and reduced carbon intensity.

The headline value of the transaction is $85.1 million and, net of interim period cash flows (generated since the effective date of 1 January 2024), the consideration paid by EnQuest was circa $25.7 million.

As at 1 January 2025, net 2P reserves and 2C resources across the fields totalled 7.5 million boe and 4.9 million boe, respectively. EnQuest intends to assess additional Block 12W prospectivity and deploy its proven late-life and FPSO asset management expertise to maximise value and translate discovered resources into reserves at the fields (which are spread across three gas discoveries and several additional targets), with a view to extending the Production Sharing Contract beyond its current end date of November 2030.

Since signing the transaction, 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 c.1,200 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.

Robust operational performance and the resulting free cash flow underpin Chim Sáo and Dua's value, making them strong anchor assets for EnQuest's entry into Vietnam.

Any thoughts on BP being the predator instead of the prey.

Billions of barrels available, world glass assets in Mexico and Argentina and very decent stuff in Andaman, Norway, Germany and UK.

And it’s very cheap at the moment with a 45% shareholder desperate to sell.

Any thoughts?…

It would make perfect sense for BP.

Our Argentina and Mexico assets alone are world class not to mention Asia.

Stranger things….

I am loving the Radio silence from Harbour, love to know how the BASF and Slim talks are going…..

Resigned with immediate effect and started with BP same role today.

Seems a strange decision considering everything we hear about BP but new challenges and all that..??