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Harbour talks up acquisition options

The UK-listed independent hails a “pretty good” M&A landscape

UK independent Harbour Energy may be set to get its chequebook out again as it continues to make progress on integration following the completion of predecessor firm Chrysaor’s reverse takeover of Premier Oil. But it remains to be seen where exactly any corporate activity will be focused. The firm’s strategy to invest in non-US assets that already deliver cashflow “remain[s] the same and is just as relevant, if not relevant” than when Harbour’s backers first invested, says the firm’s CEO Linda Cook. And she sees three types of potential sellers who might be interested in dealing with Harbour. “We have the majors looking to divest assets for strategic reasons,” says Cook. “Oil and gas pric

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