Announced

Prime Group to acquire Natuna Sea Block A field and the Tuna development project of Harbour Energy for $215m.

Synopsis

Prime Group, an integrated oil and gas player with operations across development, agreed to acquire Natuna Sea Block A field and the Tuna development project of Harbour Energy, an energy investment vehicle, for $215m. "This transaction marks a key milestone for Harbour in Indonesia and supports our strategy to focus capital and resources on our most competitive and material opportunities. It is also a significant moment for our colleagues in the country, whose hard work and commitment have built Natuna Block A and Tuna into high quality assets over many years. I wish them well as they enter a new chapter under the experienced ownership of Prime Group," Steve Cox, Harbour Energy Managing Director of Indonesia Business Unit.

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MergerLinks - Prime Group to acquire Natuna Sea Block A field and the Tuna development project of Harbour Energy for $215m.