Harbour Energy acquires Wintershall Dea’s activities in Denmark

New opportunities in the North Sea

The new agreement secures Harbour Energy ownership interests in the Danish oil fields Nini and Cecilie as well as in the Iris and Greenstore licences, both of which include CO₂ storage. The Greenstore licence in particular is attracting attention as it explores the potential for onshore CO₂ storage in the area between Hobro and Randers.

Part of an international strategy

The deal in Denmark is part of a larger global strategy where Harbour Energy has acquired a number of activities from Wintershall Dea. The acquisition marks an important step in Harbour Energy’s ambition to combine traditional energy production with new technologies such as CO₂ storage.

Wintershall Dea has until now been owned by the German BASF Group and the investment company LetterOne, but with the acquisition, Harbour Energy takes over responsibility for the licences in Denmark. In this connection, the Danish Energy Agency states in a press release:

”Overall, the Danish Energy Agency assesses that Wintershall International also under Harbour’s ownership has the necessary technical and financial capacity to fulfil its responsibilities as a licensee, including as operator in Greenstore.

The acquisition of Wintershall Dea marks an important step in Harbour Energy’s efforts to deliver safe and sustainable energy solutions – both in Denmark and globally.

The five key points about Harbour Energy’s acquisition of Wintershall Dea:

1. Harbour Energy is acquiring oil and CO₂ licences in the North Sea from Wintershall Dea.
2. The licences include the Greenstore and Iris CO₂ projects and the Nini and Cecilie oil fields.
3. The acquisition is part of Harbour Energy’s global expansion, which also includes activities in Norway, Germany, Argentina, Mexico, Egypt and Libya.
4. The Danish Energy Agency has approved the deal subject to guarantees from Harbour and previous owners, BASF and LetterOne.