Harbour Energy (LSE:HBR) has completed the acquisition of substantially all UK subsidiaries of Waldorf Energy Partners and Waldorf Production for $163 million, following receipt of regulatory approvals and full settlement of all creditors' claims against the acquired entities.
The consideration reflects customary post-completion adjustments and an effective date of 1 January 2025.
Harbour is one of the world's largest independent oil and gas producers, currently producing between 475,000 and 500,000 barrels of oil equivalent per day across Norway, the UK, the US, Germany, Argentina and North Africa.
The company disclosed no financial details on Waldorf's assets, including production volumes or reserves attributable to the acquired UK subsidiaries.
