General – Acquisition
Harbour Energy announced a transformational acquisition of LLOG Exploration in the US.
The $3.2 billion deal will position Harbour Energy as a leading player in one of the world’s most prolific offshore basins and will materially increase production, extend reserves life, and improve margins.
CEO, Linda Cook, commented: “Today’s announcement delivers on Harbour’s long-standing ambition to establish a presence in the deepwater Gulf of Mexico. With LLOG, we found the right combination of high-quality assets and a talented team, providing a strong strategic and cultural fit with our company.”
