Harbour Energy plc (LON:HBR) has announced that it has entered into a Sale and Purchase Agreement to sell its operated interests in the producing Natuna Sea Block A field and the Tuna development project in Indonesia to Prime Group for a cash consideration of $215 million.
The sale is subject to customary regulatory approvals and completion is targeted for Q2 2026.
Steve Cox, Managing Director of Harbour Energy’s Indonesia Business Unit, commented:
“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.”
