Industry leading precision
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.
63% success rate
Successful discoveries in 5 out of 8 explorations in 2022
Gross unrisked mean resources for committed wells
87% Natural gas
In committed upcoming wells
3-5 E&A wells/year
Target 3-5 exploration/appraisal wells/year
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 has completed a series of four transactions to acquire interests in a portfolio of nine, gas-weighted exploration wells drilling on the Norwegian Continental Shelf close to existing infrastructure. To date, eight of these wells have been drilled resulting in five hydrocarbon discoveries (Egyptian Vulture, Mugnetind, Rødhette, Kveikje and Oswig), representing a technical 63% success rate.
In Norway Longboat has targeted exploration prospects located in close proximity to existing infrastructure, with an overlap between exploration partners and infrastructure owners, providing 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.