Harbour Energy to add North Sea assets through Waldorf acquisition

Harbour Energy plc has agreed to acquire substantially all the subsidiaries of Waldorf Energy Partners Ltd. and Waldorf Production Ltd., currently in administration, for $170 million.

The company, in a release Dec. 12, said the deal would add oil-weighted production of 20,000 boe/d and 2P reserves of 35 MMboe. In addition, the deal would increase Harbour’s interest in its operated Catcher oil and gas field to 90% from 50% and provide a new production base  for Harbour in the northern North Sea with the addition of a 29.5% non-operated interest in the EnQuest plc-operated Kraken oil field.

The deal is expected to close in second-quarter 2026, subject to regulatory approvals and full and final settlement of all creditor claims against Waldorf's subsidiaries.