Harbour Energy PLC has announced its agreement to acquire the upstream assets of Wintershall Dea AG for $11.2 billion. The acquisition includes Wintershall Dea's assets in Norway, Germany, Denmark, Argentina, Mexico, Egypt, Libya, and Algeria, as well as its CO2 Capture and Storage licenses in Europe. The acquisition is expected to transform Harbour into one of the world's largest independent oil and gas companies, with increased exposure to natural gas and lower emissions intensity. It will also enhance Harbour's financial strength and support enhanced and sustainable shareholder returns. The acquisition is accretive to Harbour's free cash flow and is expected to receive investment grade credit ratings. The acquisition will add 1.1 billion barrels of oil equivalent (boe) of 2P reserves and more than 300,000 barrels of oil equivalent per day (boepd) of production to Harbour's portfolio. The acquisition is expected to be completed in due course.