Longboat Energy plc Velocette Rig Contract
Monday 26 September 2022
Longboat Energy, the emerging full-cycle North Sea E&P company, is pleased to announce that a rig contract has been signed for the drilling of the Velocette exploration well (Company 20%).
Velocette (PL 1016) will be drilled using the semi-submersible Transocean Norge and is expected to be drilled in Q3 2023.
Velocette is a gas-condensate prospect targeting Cretaceous Nise turbidite sands on the eastern flank of the Utgard High in the Norwegian Sea which have been identified following recent seismic reprocessing. Velocette benefits from seismic amplitude anomalies indicative of gas-filled sands located within tieback distance from the Equinor operated producing Aasta Hansteen field (~45 km).
Helge Hammer, Chief Executive of Longboat Energy, commented:
“I am pleased that we have now secured a rig for the Velocette prospect which will be the ninth well in our programme. We are currently drilling the Oswig well and both the Velocette and Oswig prospects have significant follow-on potential that will be derisked by the exploration wells in a success case.”