Harbour Energy

formerly known as Premier Oil Plc is an independent upstream oil and gas company. It explores, develops, and produces crude oil and natural gas. The company is one of the largest independent oil and gas companies in the UK.


Energy and Utilities  




MarketCap GB

GB United Kingdom



Harbour Energy plc is an oil and gas company based in Edinburgh, Scotland. It is publicly traded on the London Stock Exchange and is a constituent of the FTSE 250 Index. The company was established in July 2014 as a joint venture between Noble Group, a commodity trader, and EIG Global Energy Partners, a private-equity firm. Noble Group provided initial funding of US$150 million, while EIG Global Energy Partners contributed $50 million.

One of Harbour Energy's significant investments was providing financial backing for Chrysaor Holdings to acquire assets valued at US$3.8 billion from Royal Dutch Shell. This backing made Harbour Energy the largest shareholder in Chrysaor Holdings. In June 2020, Harbour Energy announced its support for Chrysaor Holdings' acquisition of Premier Oil. In March 2021, Chrysaor Holdings and Premier Oil merged, and both were absorbed into Harbour Energy. Linda Cooke, who had been CEO of Harbour Energy since its establishment, was appointed to manage the merged business.

This merger positioned Harbour Energy as the largest independent oil and gas business in the United Kingdom. The company's revenue increased to $5,390.0 million in 2022, with operating income reaching $2,540.9 million. However, the net income for 2022 decreased to $8.2 million.


Harbour Energy was indeed founded by the private equity firm EIG Global Energy Partners in 2014 with a specific strategy of acquiring conventional, cash-generating, producing assets outside of North America. The company aimed to invest in established oil and gas fields that would provide reliable revenue streams.

In 2017, Harbour Energy made its first major acquisition by providing financial backing to Chrysaor Holdings Limited. Chrysaor acquired a package of UK North Sea assets from Shell for a total of $3.0 billion. This acquisition marked Harbour Energy's entry into the UK North Sea market.

In 2019, Harbour Energy further expanded its presence in the UK North Sea by acquiring ConocoPhillips' UK North Sea assets for $2.7 billion. This acquisition demonstrated Harbour Energy's continued commitment to investing in established and productive oil and gas fields.

In 2021, Harbour Energy facilitated a reverse takeover where Chrysaor Holdings merged with Premier Oil, resulting in the creation of Harbour Energy. Premier Oil, which was established in 1934, initially focused on oil and gas exploration in Trinidad. Over the years, Premier Oil expanded through acquisitions and successful exploration programs.

Chrysaor, on the other hand, was founded in 2007 with the objective of leveraging development and commercial expertise to maximize the value of oil and gas assets in a safe manner. The company experienced rapid growth and became a key player in the UK North Sea oil and gas industry.

By merging Chrysaor and Premier Oil, Harbour Energy consolidated its position as a major player in the UK North Sea. The company continues to pursue its strategy of acquiring and operating cash-generating assets while prioritizing safe and sustainable operations.

In 2023, Harbour Energy received approval from the Indonesia oil and gas regulator SKK Migas for the first plan of development for the Tuna offshore gas field. The project, operated by Harbour Energy, has an estimated total investment of $3 billion.


“To play a significant role in meeting the world's energy needs through the safe, efficient and responsible production of hydrocarbons while creating value for our stakeholders.”

This purpose reflects the company's commitment to addressing the global demand for energy in a manner that prioritizes safety, operational efficiency, and responsible practices. By emphasizing the production of hydrocarbons, Harbour Energy aims to contribute to the reliable supply of energy while also recognizing the importance of environmental and social considerations. Additionally, the focus on creating value for stakeholders underscores the company's dedication to delivering positive outcomes for investors, employees, communities, and other relevant parties.


“To create value by continuing to build a global, diversified oil and gas company focused on value creation, cash flow and distributions.”

This strategy reflects the company's intention to grow and expand its operations while emphasizing financial performance and delivering returns to shareholders. By focusing on value creation, Harbour Energy aims to maximize the potential of its assets and investments, seeking opportunities that generate sustainable financial results. The emphasis on cash flow underscores the importance of maintaining a strong financial position and generating reliable revenue streams.

Key Team

Mr. Howard Landes (Gen. Counsel & Legal and Director)

Ms. Gill Riggs (Chief HR Officer)

Mr. Glenn Brown (Exec. VP of Subsurface & Portfolio)

Mr. Robert Fennell (Exec. VP of North Sea)

Mr. Steve Cox (Exec. VP of HSES & Global Services)

Mr. Stuart Wheaton (Exec. VP of International)

Recognition and Awards
Harbour Energy is proud to have been recognised multiple times for its commitment to safety, sustainability, innovation and the advancement of global energy production and exploration. In 2019, we won the Canarie Contribution to Digital Innovation Award, and in 2020, we were recognised by the Society for Petroleum Engineers for our commitment to advancing global energy production and exploration.

Products and Services

Harbour Energy is primarily engaged in the exploration, production, and development of oil and gas resources. The company operates globally and focuses on creating value through its diversified portfolio of hydrocarbon assets. While specific information about Harbour Energy's product offerings may not be available, it can be inferred that the company provides the following products and services:

  • Oil and Gas Exploration: Harbour Energy engages in the exploration of oil and gas reserves worldwide. This involves identifying and evaluating potential hydrocarbon resources through geological surveys, seismic data analysis, and other exploration techniques. The company aims to discover new reserves to contribute to the global energy supply.
  • Oil and Gas Production: Harbour Energy is involved in the production of oil and gas from its existing reserves. This includes operating and managing producing fields, employing advanced extraction technologies, and implementing efficient production processes to optimize hydrocarbon recovery.
  • Field Development: Harbour Energy undertakes field development activities to enhance the production capacity and lifespan of existing oil and gas assets. This involves the design, planning, and execution of development projects to maximize the potential of discovered reserves.
  • Asset Acquisition and Management: The company actively seeks opportunities to acquire oil and gas assets globally. Harbour Energy evaluates and manages its portfolio of assets to optimize their performance and generate sustainable returns. This includes assessing potential acquisitions, conducting due diligence, and implementing strategic initiatives to maximize asset value.
  • Value Creation and Optimisation: Harbour Energy focuses on creating value from its oil and gas operations. This involves implementing efficient production practices, managing costs, optimizing field performance, and leveraging technological advancements to maximize operational efficiency and financial returns.

Harbour Energy
Leadership team

Ms. Linda Zarda Cook (CEO & Director)

Mr. Alexander Krane (CFO & Director)

Mr. Robert Poddubiuk (Technical Director)

Elizabeth Brooks (Head of Investor Relations)


Energy and Utilities

Products/ Services
Oil and gas exploration Oil and gas production Field development Asset acquisition and management Value creation and optimisation
Number of Employees
1,000 - 20,000
London, United Kingdom
Company Type
Public Limited Company
Company Registration
Net Income
100M - 500M
Above - 1B
Traded as
Social Media

Related Companies

Related Companies

Fri Feb 23 2024

businessabc offers a global business, SMEs wiki directory blockchain, NFTs, AI powered marketplace for businesses worldwide.

Follow Us
Produced by
In collaboration with

Copyright 2023 © businessabc powered by ztudium