Harbour Energy looks further afield
The Chrysaor-Premier combination starts trading in London. But it is keen to expand its horizons
Harbour Energy, the new firm born out of private equity-backed UK producer Chrysaor’s reverse takeover of its listed peer Premier Oil, began trading on the London stock exchange on 1 April. In its first morning, the share price hovered just above £21 ($30), similar to where Premier retired at the end of March. The company’s two components had a combined production in 2020 of just over 233,000bl/d oe, of which almost 214,000bl/d oe was on the UK continental shelf (UKCS). Its 2021 expectations range from 201,000bl/d oe to 221,000bl/d oe, mainly due to the Chrysaor element forecast to fall from 173,000bl/oe to 140,000-155,000bl/d oe due to deferred maintenance. “As a well-capitalised buye
Also in this section
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment