Norway: Offshore Blocks

JAPEX, through its local subsidiary JAPEX Norge AS (J Norge), has engaged in exploration, development study and production of several interests in offshore Norway.

Project Summary

• Under exploration: Oil, Natural gas

Evaluating potential of the exploration blocks

development study and planning of the discovered but undeveloped resources

• Under production: Oil, Natural gas

Producing Oil and natural gas (Statfjord Øst, Sygna)

Basic Information

• Location: Norwegian North Sea, Norwegian Sea and Barents Sea
• JAPEX project company: JAPEX Norge AS (J Norge: JAPEX consolidated subsidiary, JAPEX investment ratio 100%)
• Participating interest: Varies depending on areas (Minority interests)

History

• May 2023: Agreed with U.K.-based Longboat Energy plc for capital participation in its Norwegian subsidiary, Longboat Energy Norge AS
• July 2023: Completed capital participation to Longboat Energy Norge AS, its corporate name changed to Longboat JAPEX Norge AS (LJN)
• January 2024: Completed procedures to acquire interests in the Statfjold Øst oil and gas field and the Sygna oil and gas field
• June 2024: Acquired all shares (50.1%) of LJN from Longboat Energy plc, making Longboat JAPEX Norge AS a wholly owned subsidiary of JAPEX
• July 2024: Acquisition of LJN shares completed and company name changed to JAPEX Norge AS (J Norge) following approval from Norwegian authorities to become a subsidiary of LJN.

Related News

• Disclosure on July 16, 2024: Announcement regarding change of corporate name of consolidated subsidiary (132.3KB)
• Disclosure on June 17, 2024: Conclusion of the share purchase agreement to acquire Longboat JAPEX Norge AS as a wholly owned company of JAPEX, which promotes exploration, development and production offshore Norway (257.5KB)
• Disclosure on MAY 2, 2023: Capital Participation in a Subsidiary of U.K.-based Longboat Energy PLC which Promotes Exploration and Development in Offshore Norway (184.5KB)