Deals Counterparts

Harbour Energy acquires LLOG assets in the US Gulf of Mexico

Acquisition Oil Gas announced US Mar 5, 2026
operating
Stage
LLOG assets
Project

Harbour Energy acquired assets from LLOG in the US Gulf of Mexico, contributing to a strong start to the year and an increased production outlook for Harbour Energy.

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Deal Analysis

Harbour Energy, an independent oil and gas company, has announced the acquisition of assets from LLOG in the US Gulf of Mexico. This strategic acquisition is set to provide a strong start to the year for Harbour Energy and contribute to an increased production outlook. The deal aligns with Harbour Energy's stated objective of building a global, diversified portfolio of high-quality assets within the oil and gas sector, leveraging opportunities in key producing regions like the US. While the financial value of the acquisition remains undisclosed, the transaction's impact on Harbour Energy's production outlook suggests a notable addition to its asset base. This deal highlights ongoing M&A activity within the US oil and gas sector, particularly in the Gulf of Mexico, as companies continue to optimize their portfolios and pursue growth opportunities through strategic asset plays. The acquisition from LLOG underscores Harbour Energy's commitment to expanding its operational footprint and enhancing its production capabilities in a mature yet productive basin.
  • Harbour Energy acquires assets from LLOG.
  • Assets located in the US Gulf of Mexico.
  • Expected to increase Harbour Energy's production outlook.
  • Aligns with Harbour Energy's strategy for a diversified portfolio.

Source Intelligence

KEY DETAILS

Harbour Energy also acquired Waldorf in the UK. Quote: "The earlier outlook had excluded the impact of its acquisitions of Waldorf in the UK and LLOG in the U.S." Harbour Energy announced the sale of its Indonesian assets. Quote: "as well as the announced sale of its Indonesian assets." Harbour Energy raised its 2026 production forecast to 475,000-500,000 barrels of oil equivalent per day. Quote: "Harbour expects 2026 production of 475,000-500,000 barrels of oil equivalent per day, compared with a prior estimate of 435,000-455,000 boepd." Harbour Energy's prior 2026 production estimate was 435,000-455,000 boepd. Quote: "compared with a prior estimate of 435,000-455,000 boepd." Harbour Energy posted $2.8 billion in profits before taxation in 2025. Quote: "Harbour posted $2.8 billion in profits before taxation in 2025, up from $1.2 billion a year prior." Harbour Energy posted an after-tax loss of $182 million for the year ended December 31, 2025. Quote: "Harbour posted a deeper after-tax loss of $182 million for the year ended December 31, 2025, widening from a year-ago loss of $93 million" Harbour Energy's tax bill more than doubled to $2.98 billion. Quote: "as its tax bill more than doubled to $2.98 billion from $1.31 billion a year earlier." Harbour Energy adopted an updated distributions policy. Quote: "Harbour has adopted an updated distributions policy which links shareholder returns directly to free cash flow, allowing it to prioritise debt reduction when leverage is above its target, the company said on Thursday."

Location
newly acquired LLOG assets in the Gulf of Mexico.
PARTIES MENTIONED IN SOURCE
H
Harbour Energy buyer

"Harbour Energy raised its 2026 output outlook on Thursday, citing a strong start to the year helped by early contributions from its newly acquired LLOG assets in the Gulf of Mexico."

L
LLOG seller

"early contributions from its newly acquired LLOG assets in the Gulf of Mexico."

medium quality Enriched Mar 5, 2026

Timeline

Announced
Mar 5, 2026
Signed
Closed
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