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Opinion

Harbour and Talos in merger discussions – what are the drivers?

The combined entity would produce nearly 300,000 boe/d

1 minute read

Neivan Boroujerdi

Research Director, Upstream Oil and Gas

Neivan is a research director with particular expertise in North Sea development costs, exploration and M&A. 

View Neivan Boroujerdi's full profile

According to a Reuters report, North Sea producer Harbour Energy is in talks with Gulf of Mexico-focused Talos Energy over a potential merger. Consolidation continues to drive upstream mergers and acquisitions, as companies look to increase resilience and diversify portfolios. The combined entity would produce nearly 300,000 boe/d. 

Implications: in this video, we discuss:

  • The strategic drivers behind the potential deal and how it aligns with longer-term growth ambitions
  • What each respective entity looks like in terms of emissions intensity, cash flow generation and geography
  • Harbour and Talos' CCUS coverage and how this could help meet low carbon targets.

Watch the video below to find out more on this discussion:

 

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