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Harbour Energy plc
Crux Investor Index
4
–
Market Cap (USD)
5193452268
Symbol
LSE:HBR
Stage of development
Production
Primary COMMODITY
Oil & Gas
Additional commodities
No items found.
Harbour Energy plc is a global independent oil and gas company focused on the acquisition, development and production of oil and gas reserves. The company has upstream operations and growth projects located across Europe, Asia and the Americas.
Harbour Energy produces both oil and natural gas, with its main producing assets located in the UK portion of the North Sea where around 70% of Harbour's production comes from its operated hubs. As of June 2023, the company average working production is 196,000 barrels of oil equivalent per day .
In addition to its existing producing assets, Harbour Energy has a portfolio of development and exploration opportunities providing organic growth potential. Key projects include the Zama oil field offshore Mexico, the Clair Ridge project west of Shetland and an exploration campaign about to commence in Indonesia's Andaman Sea.
Harbour Energy was formed in 2021 through the merger of Premier Oil and Chrysaor. The company has rapidly deleveraged its balance sheet following the deal integration, generating significant free cash flow that is funding shareholder returns and investment in growth.
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