|
Harbour Energy PLC - oil and gas producer with operations across Europe, Latin America, North Africa and Southeast Asia - Agrees to sell two assets in Indonesia for $215 million in cash. The deal involves Harbour Energy’s 28.67% operated interest in the producing Natuna Sea Block A field and its 50% operated interest in the Tuna development project. They are being sold to Prime Group, which has both upstream and downstream oil and gas businesses in Indonesia, including a 25% stake in the producing Natuna Sea Block B field. Harbour aims to complete the disposal in the second quarter of 2026. It will retain in Indonesia its 20% stake in the South Andaman license, offshore North Sumatra. The sale of the other assets ‘supports our strategy to focus capital and resources on our most competitive and material opportunities,’ says Steve Cox, managing director of Harbour’s Indonesia business unit. Current stock price: 207.80 pence, down 0.6% in London on Monday 12-month change: down 19% Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
