Harbour Energy Completes Acquisition of Shell UK North Sea Assets

Harbour Energy Completes Acquisition of Shell UK North Sea Assets

WASHINGTON–( BUSINESS WIRE )–Harbour Energy, Ltd. (“Harbour Energy” or “Harbour’’) today announced the completion of the $3.0 billion acquisition of a package of oil and gas producing assets in the U.K. North Sea from Shell U.K. Limited and its affiliates (‘’Shell’’) via Chrysaor Holdings Limited (‘’Chrysaor’’). The transaction was announced on January 31, 2017 and has an effective date of July 1, 2016. Through the acquisition, Harbour-backed Chrysaor becomes the leading independent oil and gas company in the UK North Sea. The acquired asset package includes a diversified portfolio of interests in ten operated and non-operated field areas. Production […]