Harbour Energy Books Higher 1st Half Operating Costs Amid Stronger GBP/USD Rate -- Currency Comment
September 23 2021 - 9:11AM
Dow Jones News
By Mauro Orru
Harbour Energy PLC has reported an increase in operating costs
per barrel for the first half, citing lower production volumes
compared with the first half of 2020 as well as sterling
strengthening against the dollar.
"The increase in operating costs per barrel is largely due to
lower production volumes compared to the comparative period and was
also impacted by the strengthening of UK Sterling against the US
Dollar," the oil-and-gas company said.
The oil-and-gas company posted field operating costs per barrel
of $15.6, up from $10.2 last year.
Sterling last trades at $1.3719.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
September 23, 2021 08:56 ET (12:56 GMT)
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