Longboat JAPEX confirmed as partner in North Sea Statfjord satellites
Feb. 1, 2024
Longboat JAPEX Norge has completed its acquisition of a 4.80% unitized interest in the Statfjord Øst unit and 4.32% in the Sygna unit (the Statfjord Satellites) in the Norwegian North Sea.
STAVANGER, Norway — Longboat JAPEX Norge has completed its acquisition of a 4.80% unitized interest in the Statfjord Øst unit and 4.32% in the Sygna unit (the Statfjord Satellites) in the Norwegian North Sea.
Operator Equinor recently concluded drilling operations and is commissioning the remaining new wells on Statfjord Øst. These should go onstream over the next few months.
Longboat Energy expects production to ramp up markedly as the quarter progresses.
CEO Helge Hammer said, "We are pleased to have reached completion of our first production acquisition in Norway. Albeit a relatively small acquisition, it is an important step, and the Statfjord Satellites are long-life assets and have just undergone a significant infill drilling and redevelopment project. We are now focused on adding further assets to our portfolio to build a full-cycle E&P company with material production interests."
