(Reuters) – Britain’s Harbour Energy on Thursday raised its 2024 production forecast by 1% at midpoint to reflect the contribution from its purchase of oil and gas firm Wintershall Dea’s assets.
The largest British North Sea oil and gas producer now expects annual production of 255-265 thousand barrels of oil equivalent per day (kboepd), including about four months worth of production from Wintershall Dea’s upstream assets.
Harbour agreed to acquire the German company’s non-Russian oil and gas assets in an $11.2-billion deal last year with co-owners BASF and LetterOne, aiming to create one of the world’s biggest independent producers.
Post the deal, completed in September, Harbour Energy had raised its forecast to 250-265 kboepd from the prior forecast of 155-165 kboepd.
(Reporting by Arunima Kumar in Bengaluru; Editing by Janane Venkatraman)
