A Southeast Asian-focused E&P
The Longboat Energy management team has a proven track record of delivering success through exploration, accretive acquisitions and farm-ins, and a demonstrated ability to monetise discoveries through sales and asset swaps.
Full cycle E&P
Longboat Energy’s vision is to build a full-cycle E&P company focused on growth through value additive M&A transactions and with the drill-bit through exploration drilling while retaining excellent HSEQ and ESG performance.
Longboat Energy status
Longboat Energy was established at the end of 2019 to create a full-cycle E&P company through value accretive M&A and near-field exploration. From 2021 to July 2024 Longboat’s principal business was in Norway where the Company focused on exploration and M&A transactions. In July 2024, Longboat completed a transaction with its Norwegian joint venture partner Japan Petroleum Exploration Co., Ltd to sell its interests in Norway, to focus exclusively on building its business in SE Asia.
In February 2023, Longboat entered Malaysia through the award of a Production Sharing Contract for Block 2A, offshore Sarawak. Block 2A covers approx. 12,000km2 and is located in water depths of between 100-1,400 metres where a number of large prospects across multiple plays have been identified, with significant volume potential representing multiple trillions of cubic feet of gas.
Longboat’s activities remain focused on creating a portfolio with a clear low-cost route to monetisation and low-carbon drilling and development opportunities, well aligned to Longboat’s ESG targets which includes a corporate ‘Net Zero’ on a Scope 1 and 2 basis by 2050.