Harbour Energy (LSE:HBR) has reached an agreement to divest its stakes in Indonesia’s Natuna Sea Block A field and the Tuna development project to Prime Group for a total consideration of $215 million. The transaction is scheduled to close in the second quarter of 2026. The sale reflects Harbour’s strategy to streamline its portfolio and focus capital on its most competitive opportunities, while still retaining a regional footprint through its remaining interests in Indonesia.
Harbour Energy’s broader outlook remains shaped by strong operational delivery and shareholder-focused actions such as ongoing share buybacks. Although these measures support investor value, the company continues to face pressures from a negative price-to-earnings ratio and bearish technical signals. A robust dividend yield and constructive sentiment from recent earnings calls offer some balance, but underlying profitability challenges continue to temper expectations.
More about Harbour Energy
Harbour Energy plc operates across the upstream and downstream oil and gas value chain, with assets in multiple international regions. Its Indonesian portfolio has included involvement in the Natuna Sea Block A field and the Tuna development project, contributing to its presence in Southeast Asia.
Leave a Reply