Harbour Energy Swallows Wintershall Dea in $11.2bn Mega-Merger, Birthing a Global Oil & Gas Titan
Europe's energy landscape just shifted on its axis. UK oil producer Harbour Energy has gobbled up German rival Wintershall Dea for a staggering $11.2 billion, instantly transforming itself into one of the world's top independent oil and gas giants. This audacious move grants Harbour control over a vast new realm of resources across eight countries, from Norwegian fjords to Egyptian deserts. Prepare for a reshuffle in the global energy game, as Harbour emerges poised to shape the future of gas and oil. Brace yourselves for the rise of a new superpowered player on the world stage.
UK OIL producer Harbour Energy has reached an agreement to acquire German rival Wintershall Dea for US$11.2bn in a move expected to transform the firm into one of the world’s largest independent oil and gas companies.
The acquisition includes all Wintershall Dea’s upstream assets in Norway, Germany, Denmark, Argentina, Mexico, Egypt, Libya, and Algeria, but excludes its former business in Russia.
The deal marks the company’s fourth major acquisition since it was founded by private equity in 2014.
In 2017, Harbour backed Chrysaor Holdings to acquire a package of UK North Sea assets from Shell for US$3bn, then two years later Harbour acquired ConocoPhillips UK North Sea for US$2.7bn.
In 2021, through a reverse takeover, Chrysaor merged with Premier Oil to create Harbour Energy.