Announced
Financials
Tags
continental shelf
Integrated Oil and Gas
Single Bidder
Norway
Acquisition
Majority
Private
Domestic
Friendly
Pending
Synopsis
Longboat Energy, an exploration company, agreed to acquire drilling programme the of Norwegian Continental Shelf, for £35m ($50m). “Thanks to our excellent industry relationships, developed over many years of operating in the North Sea, we have negotiated three bilateral agreements to deliver a bespoke drilling programme. We look forward to a busy period of almost continuous drilling and frequent catalysts during the next 18 months," Helge Hammer, Longboat Energy CEO.
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