Harbour Energy has started the development of the Fayoum-Messinian field close to its West Nile Delta infrastructure, with first gas expected by the end of 2026, according to the company’s first quarter (Q1) of 2026 trading and operational update.
During the quarter, Harbour Energy also completed drilling of the EZZ-1 and EZZ-2 appraisal wells in the Disouq Concession, holding expected gas in place of 35 billion cubic feet (bcf) and 2 million stock tank barrels (mmstb) of associated condensate.
The UK-based company posted Q1 2026 revenues of $3.0 billion, up from $2.8 billion a year earlier, supported by stronger realised oil and European gas prices
Linda Z Cook, CEO of Harbour Energy, emphasized the company’s strong operational reliability and execution across its portfolio, enabling the delivery of over half a million barrels of oil and gas per day in Q1 of 2026.
“The conflict in the Middle East has created unprecedented disruption to energy markets, restricting oil and gas flows and driving significant price volatility. Against this backdrop, we remain focused on playing our part in delivering the oil and gas the world needs, safely and efficiently,” said Cook.
The company recorded a global output of 506,000 barrels of oil equivalent per day (boe/d) during the quarter, slightly up from 500,000 boe/d a year earlier. This was supported by completing the $3.2 billion acquisition of US LLOG Exploration Company, adding new wells, and project start-ups in countries including the US, Argentina, Norway, and Egypt.
Harbour Energy operates the Disouq gas field in the Nile Delta and holds significant interests in the West Nile Delta project together with bp. Recently, the company solidified its presence by signing a landmark agreement with EGPC and EGAS to develop the North King Mariout and El Arish Mediterranean fields alongside bp.
