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Harbour Energy agrees $215m disposal of Natuna and Tuna projects

Mon 08 Dec 2025 07:07

(Sharecast News) - Oil and gas company Harbour Energy has agreed to sell its operated interests in the Natuna Sea Block A field and the Tuna development project in Indonesia to Prime Group for $215m in cash. The FTSE 250-listed firm said the sale was subject to customary regulatory approvals, while completion was targeted for the second quarter of 2026.

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.

"It is also a significant moment for our colleagues in the country, whose hard work and commitment have built Natuna Block A and Tuna into high quality assets over many years. I wish them well as they enter a new chapter under the experienced ownership of Prime Group."

Reporing by Iain Gilbert at Sharecast.com

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