2014
Harbour Energy was founded by private equity firm EIG Global Energy Partners with a goal to build a new global, independent oil and gas company by acquisition.
2017
Harbour Energy made its first acquisition by acquiring Chrysaor Holdings Limited and, through it, a package of oil and gas assets in the UK North Sea from Shell for $3.0 billion. This was followed in 2019 by the acquisition of ConocoPhillips UK North Sea for $2.7 billion, making Harbour the UK’s largest oil and gas producer.
2021
Through a reverse takeover, Chrysaor merged with Premier Oil to create Harbour Energy plc. Premier Oil added complementary assets in the UK and also provided a starting point for future international diversification with assets in Southeast Asia and Mexico. This acquisition resulted in Harbour securing a UK public listing.
2024
Harbour Energy acquired Wintershall Dea’s upstream portfolio, the most transformational step in its journey to date. Wintershall Dea’s roots date back more than 125 years, when its predecessor companies Wintershall and DEA Deutsche Erdoel AG were among the pioneers of Germany’s energy industry. Before and after their merger in 2019, the two companies continued to grow their international operations and built a diversified and attractive portfolio that perfectly complements Harbour’s existing business.
The acquisition transformed Harbour into one of the world’s largest and most global independent oil and gas companies and:
- tripled its production to c.475,000 barrels of oil equivalent per day;
- nearly tripled its proven and probable reserves to 1.25 billion barrels of oil equivalent per day; and
- lowered its unit operating costs by roughly 25 per cent.
Harbour Energy gained significant operations in Norway, Germany, Argentina and North Africa and expanded its existing position in Mexico, diversifying its operations and bolstering its growth opportunities.
