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Harbour Energy completes $3.2B acquisition of LLOG, entering U.S. Gulf of Mexico with oil-heavy assets.
Harbour Energy has completed its $3.2 billion acquisition of LLOG Exploration, entering the U.S. Gulf of Mexico with a deepwater, oil-weighted portfolio.
The deal, funded with $2.7 billion in cash and $500 million in new shares, adds a fully operated asset base with 2025 production of 36,000 barrels of oil equivalent per day, expected to grow to 65,000–70,000 boepd by 2028.
The acquisition expands Harbour’s global operations to include the U.S. Gulf alongside Norway, the U.K., Argentina, and Mexico.
New shares were listed on the London Stock Exchange on February 12, 2026, increasing total voting shares to 1.58 billion, with 70% subject to a one-year lock-up.
Harbour’s CEO emphasized the integration of LLOG’s team and assets to drive future growth and shareholder value.
Harbour Energy completa la adquisición de LLOG por $3.2B, ingresando al Golfo de México de los Estados Unidos con activos pesados en petróleo.