Harbour Energy expects to complete its acquisition of the majority of Wintershall Dea’s E&P portfolio by October.
A recent Competent Person's Report certified the 2P oil and gas reserves at 1.1 Bboe, and 2C resources at 1.2 Bboe (both at year end 2023). Harbour secured shareholder approval for the transaction in July.
The regulatory, anti-trust and foreign direct investment approvals process is also progressing, with the UK’s North Sea Transition Authority issuing regulatory consent earlier this month.
Outstanding approvals required for completion include Mexico regulatory consents, but all should come through shortly.
One of Wintershall Dea’s assets is Block 30 offshore Mexico, where appraisal drilling is due to get under way later in the current quarter on the Kan oil discovery.
The partners are conducting early engineering studies for a potential development: Harbour will become operator following Mexican regulatory authorization.
In the UK central North Sea, the company expects to drill a new development well later this year on the Brodgar field.
The North West Seymour well, which spudded in June, should produce first gas through the Armada platform in late September, likely extending Armada's lifespan beyond 2030.
Following topside modifications to the Judy platform in the J-Area, most of the subsea infrastructure is now in place for the Talbot tieback which first oil expected around the end of the year.
In Singapore, Harbour has amended its gas sales agreements with the Singapore buyers of Natuna Sea Block A gas in Indonesia. The increased take-or-pay commitment under a tiered pricing structure will allow for increased production.
The sales process is advancing for the partner's interest in the Harbour-operated Tuna project. Once complete, the company plans to start the FEED on the approved plan of development for the offshore Tuna oil and gas field with an estimated 100 MMboe recoverable.
