Harbour Energy Completes Acquisition of Wintershall Dea asset portfolio
London, September 04, 2024, (Oilandgaspress) ––Harbour Energy announced that the acquisition of the Wintershall Dea asset portfolio, comprising substantially all of Wintershall Dea AG’s upstream assets was completed. The Acquisition has an effective date of 30 June 2023.
A large, global independent oil and gas company
Since its creation in 2014, Harbour has grown to become one of the world’s largest and most geographically diverse independent oil and gas companies. Following Completion, Harbour is producing c.475,000 barrels of oil equivalent (“boe”) per day with significant production in Norway, the UK, Argentina, North Africa and Germany.
Harbour benefits from competitive operating costs and resilient margins as well as a 2P reserve base of c.1.5 billion boe1, underpinning material and sustainable free cash flow. In addition, Harbour has c.1.8 billion boe2 of 2C resource, providing a broad set of growth options in support of future production and reserve replacement. These resources include near-infrastructure opportunities in Norway, unconventional scalable opportunities in Argentina and conventional offshore projects in both Mexico and Indonesia.
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