{"id":336959,"date":"2026-02-14T08:45:00","date_gmt":"2026-02-14T12:45:00","guid":{"rendered":"https:\/\/inspenet.com\/noticias\/harbour-energy-secures-acquisition-of-llog-for-us3-2-billion\/"},"modified":"2026-02-17T10:12:11","modified_gmt":"2026-02-17T14:12:11","slug":"harbour-energy-secures-acquisition-of-llog-for-us3-2-billion","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/harbour-energy-secures-acquisition-of-llog-for-us3-2-billion\/","title":{"rendered":"Harbour Energy secures acquisition of LLOG for US$3.2 billion"},"content":{"rendered":"\n<p><strong>Harbour Energy<\/strong> has completed the acquisition of <strong>LLOG Exploration Company<\/strong> for $3.2 billion and thus enters directly into the deepwater US Gulf of America. The deal redefines its upstream portfolio and adds a new strategic unit to its global map. <\/p>\n\n<h2 class=\"wp-block-heading\">LLOG&#8217;s acquisition and strategic expansion in the Gulf<\/h2>\n\n<p>With this strategic acquisition, the company integrates oil-heavy <strong>offshore assets<\/strong> in one of the world&#8217;s most productive basins. The integration of LLOG allows Harbour Energy to establish a relevant position in the <em>deepwater segment<\/em> of the U.S. Gulf. <\/p>\n\n<p>From my analysis, the value is in the quality of the producing fields and the inventory of high-return drilling opportunities. <strong><a href=\"https:\/\/inspenet.com\/en\/news\/noble-corporation-announces-permanent-retirement-of-two-drilling-vessels\/\" target=\"_blank\" data-type=\"post\" data-id=\"226486\" rel=\"noreferrer noopener\">high profitability drilling opportunities<\/a><\/strong>. The deal expands the oil portfolio along with its positions in Norway, UK, Argentina and Mexico. <\/p>\n\n<p>LLOG&#8217;s average production reached 36 thousand barrels equivalent per day during 2025, driven by the strong performance of <em>Who Dat and Buckskin <\/em>as well as the start-up of the Leon-Castille development. Forecasts indicate that daily pumping could be between 65 and 70 kboepd by 2028. <\/p>\n\n<p>The corporate transaction was financed through US$2.7 billion in cash and the issuance of 174,855,744 new common shares valued at US$500 million. The cash came from a US$1 billion bridge facility, a three-year term loan for the same amount, and US$700 million in available liquidity. The company also applied for admission of the new shares to the <strong>London Stock Exchange<\/strong> with expected listing on the main market.  <\/p>\n\n<p>After the issuance, the share capital amounts to 1,579,724,339 voting shares. Approximately 89 % remains in the hands of legacy shareholders, including 42 % held by <strong>BASF <\/strong>, while the seller retains about 11 %. Some 70 % of the issued shares will be subject to a one-year lock-up period.  <\/p>\n\n<p><strong>Source and photo: <a href=\"https:\/\/www.harbourenergy.com\/news-and-media\/completion-of-llog-acquisition\/\" target=\"_blank\" rel=\"noreferrer noopener\">Harbour Energy<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acquisition strengthens Harbour Energy&#8217;s position in the U.S. offshore market and balances its geographic exposure.<\/p>\n","protected":false},"author":8404,"featured_media":336716,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categoria_noticias":[13026,13036],"etiqueta_noticias":[],"class_list":["post-336959","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","categoria_noticias-energy","categoria_noticias-oil-and-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/336959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias"}],"about":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/types\/noticias"}],"author":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/users\/8404"}],"replies":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/comments?post=336959"}],"version-history":[{"count":0,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/336959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media\/336716"}],"wp:attachment":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media?parent=336959"}],"wp:term":[{"taxonomy":"categoria_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/categoria_noticias?post=336959"},{"taxonomy":"etiqueta_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/etiqueta_noticias?post=336959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}