Harbour Energy looks further afield

The Chrysaor-Premier combination starts trading in London. But it is keen to expand its horizons

Harbour Energy, the new firm born out of private equity-backed UK producer Chrysaor’s reverse takeover of its listed peer Premier Oil, began trading on the London stock exchange on 1 April. In its first morning, the share price hovered just above £21 ($30), similar to where Premier retired at the end of March. The company’s two components had a combined production in 2020 of just over 233,000bl/d oe, of which almost 214,000bl/d oe was on the UK continental shelf (UKCS). Its 2021 expectations range from 201,000bl/d oe to 221,000bl/d oe, mainly due to the Chrysaor element forecast to fall from 173,000bl/oe to 140,000-155,000bl/d oe due to deferred maintenance. “As a well-capitalised buye