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Harbour Energy Q1 Production Rises, Lifts Lower End of FY Output Guidance

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-- UK-based Harbour Energy plc said Thursday that first-quarter 2026 production rose to 506,000 barrels of oil equivalent per day, from 500,000 boepd in the same period a year earlier, supported by strong performance in Norway and new projects coming online across multiple regions.

The UK-based independent oil and gas producer said its production mix in the quarter comprised 40% liquids, 40% European gas, and 20% other gas.

The company said output growth from its international portfolio, particularly in Norway, offset declines in the UK and the impact of divestments in Vietnam, which were completed ahead of schedule on Feb. 11.

Harbour cited high operational reliability across key Norwegian hubs, strong delivery from the latest Njord well, and robust reservoir performance at the Harbour-operated Gjoa satellite fields as key drivers of performance.

The company also brought new projects and wells onstream in the US, Norway, Argentina, and Egypt.

Unit operating costs improved to $12.80 per boe in the first quarter, compared with $13 per boe a year earlier.

Harbour narrowed and raised its full-year production guidance to 480,000-500,000 boepd, from a previous range of 475,000-500,000 boepd, reflecting strong year-to-date performance, including production of 520,000 boepd in April, ahead of planned maintenance programs in the UK and Norway.

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