Harbour Energy Acquires LLOG Exploration for $3.2 Billion, Enhancing Deepwater Operations in the US Gulf
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 22 2025
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Source: SeekingAlpha
Acquisition Details: Harbour Energy has agreed to acquire LLOG Exploration Company for $3.2 billion, consisting of $2.7 billion in cash and $0.5 billion in shares.
Strategic Expansion: This acquisition marks Harbour's entry into the US Gulf of America, enhancing its global portfolio and establishing a new core business unit alongside its operations in Norway, the UK, Argentina, and Mexico.
Production Growth: The deal is expected to significantly boost production, with projections indicating a doubling by 2028, supported by a strong position in the Lower Tertiary Wilcox play.
Financial Outlook: Harbour anticipates that the acquisition will be accretive to free cash flow per share starting in 2027.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
