Harbour Energy Details $3.2B LLOG Acquisition Plan

Key Acquisition Details Revealed

Harbour Energy plc has provided further regulatory information regarding its planned $3.2 billion acquisition of LLOG Exploration Company. The deal, announced on December 22, 2025, is structured with $2.7 billion in cash and $0.5 billion in company shares.

Financing and Transaction Overview

The cash component will be financed through a combination of a $1 billion bridge facility, a $1 billion term loan, and existing company liquidity. Due to its size relative to Harbour, the acquisition is classified as a Significant Transaction under UK Listing Rules. The company confirmed no significant change in its financial standing since its last report on June 30, 2025.

Market and Regulatory Outlook

This acquisition follows other major transactions, including the $11.2 billion purchase of Wintershall Dea’s non-Russian assets. The LLOG deal is currently undergoing syndication for its loan facilities and awaits customary regulatory approvals, notably U.S. antitrust clearance. The transaction is expected to be completed in the first quarter of 2026.

Summary and Next Steps

Investors and the market will be closely watching for the completion of regulatory approvals. While Harbour Energy has also disclosed an ongoing financial dispute related to its Wintershall Dea deal, the company does not anticipate a material adverse impact. The successful acquisition of LLOG would significantly expand Harbour's portfolio.

FAQ

Q: What is the total value of the Harbour Energy and LLOG deal?
A: The total acquisition value is $3.2 billion, comprising $2.7 billion in cash and $0.5 billion in Harbour Energy shares.

Q: When is the LLOG acquisition expected to be finalized?
A: The completion is anticipated in the first quarter of 2026, pending regulatory approvals.

Source: Investing.com