Harbour Energy plc remains on course to sell its operated interests in the producing Natuna Sea Block A field and the Tuna development, offshore Indonesia. DATE The company currently owns a 28.67% operated interest in Block A and a 50% operated interest in Tuna. The sale to Prime Group for $215 million cash has an […]
Tag: Harbour Energy plc
Harbour appointed operator of Zama field
Harbour Energy plc has been appointed operator of the joint venture Zama oil field, containing an estimated 750 million barrels of oil equivalent gross recoverable resources, offshore Mexico. STRATEGIC The JV plans to complete engineering and design work in 2026 before making a final investment decision. Project partners, including previous operator state-owned oil and gas […]
Harbour enters Gulf with $3.2bn acquisition
Harbour Energy plc has entered the Gulf of Mexico (America) with the $3.2 billion (£2.4bn) purchase of LLOG Exploration Company LLC. PRODUCTION The proposed purchase from LLOG Holdings LLC comprises $2.7bn (£2bn) cash and $500 million (£371m) in 174,855,744 Harbour’s voting ordinary shares each at 205 pence. An underwritten $1bn (£740,000) bridge facility, a $1bn term […]
Harbour buys Waldorf assets for $170m
Harbour Energy plc has agreed to buy for $170 million (£127m) the UK North Sea assets of Waldorf Energy Partners Ltd and Waldorf Production Ltd, currently in administration. CAPRICORN The company said that the binding share sale and purchase is expected to add 20 thousand barrels of oil equivalent per day, and 2P reserves of […]
Harbour appoints Gregory Hill as NED
Harbour Energy plc has appointed Gregory Hill as an independent non-executive director on the board, effective from 1 January 2026. Shareholders will vote on Mr Hill’s election at the company’s 2026 general meeting. He is expected to serve on the audit & risk and health, safety, environment & security committees. Mr Hill’s global energy leadership […]
Harbour to begin up to $100m share buyback
Harbour Energy plc will start buying back its own shares from 8 August for up to a maximum aggregate of $100 million. DEADLINE The move will reduce the company’s share capital with all shares purchased cancelled. As at 28 February 2025, Harbour’s issued share capital comprised 1,440,116,191 ordinary shares of 0.002 pence, with voting rights […]