Harbour Energy's $3.2B Gulf Deal
Update: 2025-12-22
Description
Harbour Energys $3.2B acquisition of LLOG Exploration expands their presence in the Gulf of America, securing key assets and boosting reserves. The deal supports steady production and improved cash flow, with plans for adjusted dividends and buybacks. Financing includes a bridge loan, term loan, and cash on hand, aiming to maintain investment-grade status. This move aligns with a broader trend of oil independents targeting long-life, high-margin offshore assets in the region.
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