IN BRIEF: Harbour Energy completes Waldorf acquisition
Harbour Energy PLC - oil and gas producer with operations across Europe, Latin America, North Africa and Southeast Asia - Says it has completed the acquisition of Waldorf Energy Partners Ltd, and Waldorf Production Ltd, for final consideration of USD163 million. Says this follows the receipt of all regulatory approvals, and the full and final settlement of all creditors' claims against the acquired Waldorf subsidiaries. Final consideration is after customary adjustments, and reflects a transaction effective date of January 1, 2025. Harbour announced in December that it had agreed to acquire all the subsidiaries of Waldorf Energy and Waldorf Production for USD170 million. It said it expected the deal to add oil-weighted production of 20 thousand barrels of oil equivalent per day and 2P reserves of 35 million. The acquisition increases Harbour's interest in its operated Catcher field to 90% from 50%, and provides a new production base in the Northern North Sea with the addition of a 29.5% non-operated interest in the Kraken oil field. Read More