STAVANGER, Norway— Longboat Energy, the emerging full-cycle North Sea E&P company, announced a rig contract has been signed for the drilling of the Velocette exploration well.
Velocette (PL 1016) will be drilled using the Transocean Norge semisubmersible and is expected to be drilled in third-quarter 2023.
Velocette partners include Longboat (20%), OMV (40% operator) and INPEX (40%).
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).
Longboat CEO Helge Hammer said, “I am pleased that we have now secured a rig for the Velocette prospect, which will be the ninth well in our program. 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.”