Longboat Energy to acquire drilling programme the of Norwegian Continental Shelf for £35m.

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.