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.

67% success rate

Found hydrocarbons in 6 out of 9 exploration wells

25-44 mmboe next to Kveikje Discovery

Gross unrisked mean resources for committed wells

Targeting development and production

Company gross unrisked P50-P10 resources for committed wells

1-3 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 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. To date, Longboat’s main focus has been in Norway where since June 2021, the Company entered into a series of transactions to acquire interests in a portfolio of exploration assets close to existing infrastructure. So far, eight of these wells have been drilled resulting in five hydrocarbon discoveries, representing a technical 63% success rate.

In July 2023, Longboat completed a transaction with Japan Petroleum Exploration Co., Ltd (“JAPEX”) to form a new joint venture company in Norway named Longboat JAPEX Norge AS. Under these arrangements, JAPEX agreed to make a cash investment of up to US$50 million, of which US$16 million was paid on completion, for a 49.9% shareholding in of Longboat JAPEX Norge AS. In addition JAPEX has provided the Joint Venture with a US$100 million Acquisition Financing Facility to finance acquisitions and associated development costs. Longboat retains 50.1% ownership in Longboat JAPEX Norge AS.


Also in July 2023, Longboat JAPEX Norge AS announced its first production acquisition in Norway of interests in the Statfjord satellite fields, Statfjord Øst and Sygna.

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.