Harbour Energy Plc (HBR.L) Monday said that it has signed a Sale and Purchase Agreement to divest its operated interests in the operational Natuna Sea Block A field and the Tuna development project in Indonesia to Prime Group for a cash consideration of around $215 million.
The British oil and gas company said that the sale is subject to customary regulatory approvals and is expected to be completed by the second quarter of fiscal 2026.
Commenting on the deal, Steve Cox, Managing Director of Harbour's Indonesia Business Unit, said, "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."
On the LSE, HBR.L is up 1.4 percent on Monday's trading at 212.00 pence.
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