Harbour Energy has completed its acquisition of Wintershall Dea's E&P business, excluding the Russia-related activities.
The transaction includes production and development interests and exploration rights in Norway, Denmark (excluding offshore Ravn field), Mexico, Argentina, Germany, Egypt, Algeria, Libya (excluding Wintershall AG), and Wintershall Dea’s carbon storage licenses.
Last December, Harbour Energy signed an agreement with Wintershall Dea’s shareholders BASF and LetterOne to merge the two businesses.
Wintershall Dea's remaining assets include Wintershall Noordzee in the Netherlands (Wintershall Dea 50%) and a 15.5% stake in Nord Stream AG.
The company’s main focus now will include selling the remaining assets, restructuring of the organization and closing the headquarters’ premises in Kassel and Hamburg. It will also provide transitional services to Harbour Energy for up to 12 months, managed by about 300 employees in Germany.
