Harbour Energy plc has agreed to acquire Wintershall Dea AG’s upstream assets for $11.2 billion. RESERVES The German company’s portfolio includes its upstream assets in Norway, Germany, Denmark, Argentina, Mexico, Egypt, Libya and Algeria as well as Wintershall’s CO2 capture and storage licences in Europe. The transaction, Harbour’s fourth major acquisition, will add 1.1bn boe of 2P […]
Tag: Harbour Energy plc
Harbour JV discovers ‘significant’ gas in Layaran-1
Harbour Energy plc partner Mubadala Energy has made a “significant” gas discovery in the Layaran-1 well on the South Andaman licence, offshore North Sumatra. HALWA-GAYO Layaran-1 is the first of a four-well exploration campaign targeting the same Oligocene play as the Timpan-1 well drilled on Andaman II, operated by Harbour with a 40% interest, in […]
Harbour swings to $8m loss
Harbour Energy plc swung to loss during the first six months of the year following high taxes and falling commodity prices. FINANCES Results for H1 2023 show profit before tax of $0.4 billion (H1 2022: $1.5bn) and loss after tax of $8 million (H1 2022: profit of $1bn). Revenue decreased to $1,991 million (H1 2022: […]
Harbour exits Vietnam after nearly 24 years
Harbour Energy plc will exit Vietnam after nearly 24 years with the $84 million (£65.7m) sale of its assets, including its 53.125% interest in the Chim Sao and Dua producing fields. PORTFOLIO The sale to Big Energy Joint Stock Company, subject to government approvals, has an effective date of 1 January 2023 with completion targeted […]
Harbour on course to cut 350 UK positions
Harbour Energy plc today said it had started to review its activities in the United Kingdom and is on course to cut some 350 onshore jobs. UK ACTIVITY The review, due to complete during H2 2023, is forecast to save the company $50 million annually from 2024. In its Q1 2023 unaudited trading and operations […]
Harbour notes oil discovery offshore Mexico
Harbour Energy plc said that the Kan-1 exploration well had discovered oil in the joint venture (JV) Block 30 in the Sureste Basin, offshore Mexico. KAN-1 The Kan-1 exploration well lies 25km off the Tabasco coast in 50 metres of water. Harbour said that the well was drilled to a total measured depth of 3,317m […]