Harbour Energy (LSE:HBR) said it has agreed to acquire the majority of the subsidiaries of Waldorf Energy Partners Ltd and Waldorf Production Ltd in a transaction valued at $170 million. The acquisition is expected to enhance Harbour’s free cash flow and reinforce its position in the UK North Sea.

The deal will increase Harbour’s interest in the Catcher field and add a new production hub through the Kraken oil field. The company said the transaction is expected to generate operational and financial synergies, including access to approximately $350 million of cash and the ability to utilise Waldorf’s UK tax losses. Completion is targeted for the second quarter of 2026, subject to regulatory approvals.

More about Harbour Energy

Harbour Energy is an oil and gas exploration and production company with a strong focus on the UK North Sea. The group is pursuing a strategy of disciplined investment aimed at strengthening operational performance and long-term financial resilience.

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