David D. Powell Joins Harbour Energy as New CFO

Industry Veteran Further Augments World Class Executive Team

WASHINGTON–(BUSINESS WIRE)–Harbour Energy, Ltd. (“Harbour’’) today announced that David D. Powell
has joined the organization as Chief Financial Officer. Mr. Powell is a
seasoned oil and gas executive with global operating experience, who has
built and managed finance, IT, and supply chain organizations worldwide,
led post-acquisition integration activities, and has expertise in both
operational transformation as well as long-term business strategy. He
will be based in Harbour Energy’s Houston offices, and will have a
global span of responsibilities in his new role.

Linda Z. Cook, the Chief Executive Officer of Harbour Energy, said,
“Having closed our major transaction in the North Sea late last year
followed by the recent announcement regarding progress with the
potential acquisition of Santos Ltd, these are exciting times for
Harbour Energy. Given David’s many years of experience as an
international oil & gas CFO, he will undoubtedly contribute immensely to
the continued execution of our strategy. We welcome him to the team.”

David D. Powell said, “I look forward to working with Linda and the
others in Harbour Energy and throughout EIG, and to playing a role in
the continued development of this new, global independent oil & gas
company.”

Mr. Powell’s previous roles include CFO for Cobalt International Energy
and CFO of the petroleum unit of BHP Billiton. Prior to joining BHP, he
spent over 28 years in various roles at Occidental Oil & Gas
Corporation, based throughout the US, Qatar, Malaysia, Russia and
Argentina. He graduated Summa Cum Laude from William Jewell College,
completed an advanced management program at Harvard Business School, and
has a Certified Public Accountant certificate.

About Harbour Energy

Harbour is a global oil & gas company founded by EIG Global Energy
Partners (“EIG”). Different from typical private equity backed
companies, Harbour is funded with permanent capital and has the
objective to build a global portfolio of successful, growing, long term
oil & gas businesses. Harbour’s first transaction – the acquisition of a
US$3.0 billion package of producing assets in the U.K. North Sea – was
completed in 2017. EIG specializes in private investments in energy and
energy-related infrastructure. Since 1982, EIG has invested over US$25.3
billion in more than 320 portfolio investments across 36 countries on
six continents.

Further information on Harbour can be found at www.harbourenergy.com.

Further information on EIG can be found at www.eigpartners.com.

Important Disclaimer:

Certain information contained herein constitutes "forward-looking
statements," which can be identified by the use of forward-looking
terminology such as “may,” “will,” “should,” “expect,” “anticipate,”
“target,” project,” “potential,” “estimate,” “intend,” “continue” or
“believe,” or the negatives thereof or other variations thereon. Because
of various risks and uncertainties, actual events or results or actual
performance may differ materially from the events, results or
performance reflected or contemplated in such forward-looking statements.
As a result, investors should not rely on such forward-looking
statements.

Contacts

Sard Verbinnen & Co.
Robert Rendine / Brandon Messina,
+1-212-687-8080