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Harbour Energy to Acquire UK North Sea Assets for $170 Million

MT Newswires·12/12/2025 04:14:11
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04:14 AM EST, 12/12/2025 (MT Newswires) -- Harbour Energy (HBR.L) said Friday it agreed to buy all the subsidiaries of Waldorf Energy Partners and Waldorf Production for $170 million. The oil and gas company will fund the acquisition of the UK North Sea assets, which are currently in administration, using existing sources of liquidity. Closing is scheduled for the second quarter of 2026. Harbour Energy expects the deal to be immediately materially accretive to its free cash flow.