Philip LeJeune , LLOG’s CEO, emphasized: “We are pleased to be joining an outstanding company and believe that by uniting our teams and expertise, we’re unlocking new possibilities, empowering our people, and setting the stage to achieve extraordinary results with Harbour.
“As we look to the future, we remain dedicated to maintaining the same high ethical and operational standards that have helped guide us for the past 48 years, but with a new partner whose shared vision of growth, innovation, and operational excellence will help us achieve significant successes through a strong collaborative culture.”
Harbour underlines that the upside potential is underpinned by significant drilling and lease inventory, with the deep inventory of high return, short cycle, infrastructure-led drilling opportunities, including the potential for eight wells across 2026 and 2027. The combined company will operate more than 80 leases, predominantly in Mississippi Canyon and Keathley Canyon.
LLOG is expected to secure 11 deepwater leases from the recent Gulf of America federal lease sale. Upon completion, LLOG will own 11% of Harbour’s listed voting ordinary shares with the latter’s current shareholders owning 89%, subject to adjustment resulting from the firm’s current share buyback program, which is expected to complete in the first quarter of 2026.
The completion of the acquisition, which is subject to customary closing conditions, including the expiration or termination of all waiting periods under the HSR Act in the U.S., is expected to occur in late Q1 2026.
This acquisition move comes shortly after Harbour Energy took steps to offload natural gas assets off the coast of Indonesia for a cash consideration of $215 million.