RE: Massive!!!21 Dec 2023 14:08
RNS!
Harbour is pleased to announce that it has reached an agreement with BASF and LetterOne, the shareholders of Wintershall Dea AG ("Wintershall Dea"), for the acquisition of substantially all of Wintershall Dea's upstream assets (the "Target Portfolio") for $11.2 billion (the "Acquisition").
The Target Portfolio includes all of Wintershall Dea's upstream assets in Norway, Germany, Denmark[1], Argentina, Mexico, Egypt, Libya[2] and Algeria as well as Wintershall Dea's CO2 Capture and Storage ("CCS") licences in Europe. Wintershall Dea's Russian assets are excluded. The Acquisition will add 1.1 bnboe of 2P reserves at c.$10/boe and more than 300 kboepd of production at c.$35,000/boepd[3].