Harbour expects Wintershall assets acquisition to close early September

Harbour Energy PLC received approval from regulators in Mexico regarding the operator’s pending acquisition of upstream assets from Wintershall Dea.

With the consents received and progress made on satisfying other conditions of the $11.2 billion deal, the company now expects to close the acquisition in early September versus its previous guidance of early in this year’s fourth quarter.

Harbour develops and produces oil and gas from assets in the UK and Norwegian continental shelves, Indonesia, Vietnam, and Mexico. In December 2023, Harbour Energy agreed to acquire various assets from Wintershall in Norway, Argentina, Germany, Mexico, Algeria, Libya (excluding Wintershall AG), Egypt, and Denmark (excluding Ravn) (OGJ Online, Dec. 21, 2023).

Currently, Harbour holds a 30% non-operated interest in Block 30 to the southwest of the Zama discovery offshore Mexico. As a result of the acquisition with Wintershall, Harbour will become operator of the block with a 70% interest.

Earlier in August, Harbour was granted regulatory consent by the UK’s North Sea Transition Authority.