STAVANGER, Norway — Longboat Energy has finalized a farm-in agreement with OMV concerning two exploration wells offshore Norway, targeting combined prospective resources of 223 MMboe.
The deal gives Longboat 20% stakes in the Oswig well, due to spud this month, and Velocette, likely to start drilling in second-quarter 2023. OMV will operate both wells.
In addition, Longboat will participate in another wildcat this summer on the Copernicus prospect.
Lime Petroleum has struck an agreement to farm down 10% of its 40% stakes in two Norwegian North Sea licenses to Vår Energi.
PL820 S and PL 820 SB contain the Evra and Iving discoveries. MOL Norge agreed to sell its 40% interests to Lime in April.
Lime CEO Lars Hübert said the partners would mature Iving and Evra and other prospects on the licenses, leading potentially to more drilling in the next 18-24 months. Both concessions are on the Utsira High area, adjacent to the Vår Energi-operated Balder Field.
The two finds could be tied into the Balder area infrastructure. However, if future drilling proves larger in-place volumes, standalone field development is also possible, according to Lime.