Harbour Energy Announces Acquisition of LLOG Exploration
Harbour announces that it has entered into an agreement to acquire LLOG Exploration Company LLC (“LLOG”) from LLOG Holdings LLC for $3.2 billion (the “Acquisition”), comprising $2.7 billion of cash and $0.5 billion of Harbour’s voting ordinary shares. The Acquisition marks Harbour’s strategic entry into the US Gulf of America, strengthening its global portfolio and establishing another core business unit alongside Norway, the UK, Argentina and Mexico.