Harbour Energy has completed the acquisition of LLOG Exploration Company for $3.2 billion, marking the Company’s strategic entry into the US Gulf of America. The Acquisition strengthens Harbour’s global portfolio and establishes a new core business unit alongside Norway, the UK, Argentina and Mexico.

Establishing a leading position in the deepwater US Gulf of America

Through LLOG, Harbour gains a fully operated, oil-weighted portfolio and an exceptional team in one of the world’s most prolific oil and gas basins. LLOG adds high margin, long-life assets and a deep inventory of high return drilling opportunities.

Production from LLOG averaged 36 kboepd1 during 2025, reflecting strong performance across the Who Dat and Buckskin hubs and the start-up of Leon-Castille in October. Production is on track to increase to 65-70 kboepd by 2028.

Linda Z Cook, CEO Harbour Energy, commented:
"This marks another important step in Harbour’s journey by establishing a leading position in the US Gulf of America. We are excited to welcome our new colleagues and look forward to building on their strong heritage and proven exploration and development capabilities in the region. With the combined strengths of our teams, the quality of the assets, and the depth of opportunities ahead, we are well-placed to deliver significant value for our shareholders."

KeyFacts Energy: Acquisitions & Mergers news