Harbour Energy to acquire all the subsidiaries of Waldorf Energy Partners and Waldorf Production for $170m.

Harbour Energy, an oil and gas company, agreed to acquire all the subsidiaries of Waldorf Energy Partners and Waldorf Production, a privately held independent oil and gas company, for $170m. "This transaction is an important step for Harbour in the UK North Sea, building on the action we've already taken to sustain our position in the basin given the ongoing fiscal and regulatory challenges. It stabilises the Catcher joint venture partnership and delivers immediate cash flow benefits. It also improves the long-term sustainability of our UK business, the jobs it continues to support and the energy security it provides. In addition, it facilitates a welcome solution to funding and decommissioning challenges for multiple parties in the UK North Sea," Scott Barr, Harbour Managing Director of UK Business Unit.