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UK-listed Harbour Energy has agreed an $11.2bn deal to buy a portfolio of assets from German energy group Wintershall Dea.
The portfolio includes upstream assets in Norway, Germany, Denmark, Argentina, Mexico, Egypt, Libya and Algeria, as well as its carbon capture and storage licences in Europe. It excludes Wintershall Dea’s Russian assets.
Harbour said it expected the acquisition to make it “one of the world’s largest and most geographically diverse independent oil and gas companies”.
Harbour’s shares rose 19 per cent in early afternoon trading.
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