UK-based energy firm Harbour Energy has finalized a $3.2 billion deal to acquire deepwater assets from LLOG Exploration Offshore, marking its formal entry into the U.S. Gulf of Mexico deepwater sector. The transaction strengthens Harbour’s offshore portfolio and expands its presence in high-margin, long-life hydrocarbon reserves.
- Harbour Energy is acquiring deepwater assets from LLOG Exploration Offshore for $3.2 billion.
- The acquisition includes offshore leases and production infrastructure in the U.S. Gulf of Mexico.
- Assets are located in water depths exceeding 1,000 meters, primarily in Green Canyon and Walker Ridge blocks.
- The transaction marks Harbour Energy’s formal entry into the U.S. deepwater oil and gas sector.
- Closing is expected in Q1 2026, pending regulatory clearance.
- The deal enhances Harbour’s offshore portfolio with long-life, high-margin reserves.
Harbour Energy has executed a definitive agreement to acquire a portfolio of deepwater exploration and production assets from LLOG Exploration Offshore, a move that positions the company as a new player in the U.S. Gulf of Mexico’s deepwater frontier. The $3.2 billion all-cash transaction includes offshore leases, development projects, and existing production infrastructure located in water depths exceeding 1,000 meters, with a focus on the Green Canyon and Walker Ridge areas. The deal is expected to close in the first quarter of 2026, subject to regulatory approvals and customary closing conditions.