georgemiller
Publish Date: Thu, 07 Nov 2024, 07:56 AM
Nov 7 (Reuters) - Britain's Harbour Energy (HBR.L) , opens new tab on Thursday raised its 2024 production forecast by 1% at midpoint to reflect the contribution from its purchase of oil and gas firm Wintershall Dea's assets.
The largest British North Sea oil and gas producer now expects , opens new tab annual production of 255-265 thousand barrels of oil equivalent per day (kboepd), including about four months worth of production from Wintershall Dea's upstream assets.
Harbour agreed to acquire the German company's non-Russian oil and gas assets in an $11.2-billion deal last year with co-owners BASF (BASFn.DE) , opens new tab and LetterOne, aiming to create one of the world's biggest independent producers.
Post the deal, completed in September, Harbour Energy had raised its forecast to 250-265 kboepd from the prior forecast of 155-165 kboepd.
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https://www.reuters.com/business/energy/uks-harbour-energy-marginally-raises-2024-production-forecast-2024-11-07/