What we do
Longboat Energy plc has been established with the aim of building a significant North Sea-focused E&P business.
The Company is focussed on growth through value accretive M&A transactions and creating significant value with the drill-bit, both through infill drilling in existing fields and through near field exploration drilling while retaining excellent HSEQ and ESG performance.
The Company has been established by the ex-Management Team of Faroe Petroleum and will apply a similar business model, aiming to replicate Faroe’s outstanding HSEQ and operational track record and deliver significant production and reserves growth.
Building a significant North Sea-focused E&P business
The Longboat management team has a proven track record of delivering value to shareholders through exploration success, accretive acquisitions and farm-ins, and a demonstrated ability to monetise discoveries through sales and asset swaps.
Longboat pursues acquisition opportunities by utilising its substantial industry network in the North Sea oil and gas industry to identify attractive bilateral opportunities.
Longboat is committed to delivering energy responsibly and has undertaken to be ‘Net Zero’ on a Scope 1 and 2 basis by 2050.
We are committed to ensuring the health and safety of all who work with us and protecting the environment in which we work.
Pr-Posting of Admission
Further to its announcement earlier on 10 June 2021, Longboat Energy is pleased to announce it has now executed the third and final farm-in agreement with Idemitsu Petroleum Norge AS (“Idemitsu”).