(Montel) UK oil and gas major Harbour Energy has agreed to acquire almost all the upstream assets operated by Germany’s Wintershall Dea for USD 11.2bn (EUR10 bn) it said on Thursday.
The acquisition includes assets in Norway, Germany, Denmark, Egypt, Libya and Algeria and will boost the diversity of Harmony’s portfolio of assets geographically, as well as improve margins and lower operating costs, the company added in a statement.
“Importantly, the acquisition also advances our energy transition objectives by shifting our portfolio towards natural gas, lowering our emissions intensity and expanding our CCS [carbon capture and storage] interests…
