Oil and gas

Renewable energy and infrastructure

Commercial contracts

ESG and compliance

Stanger Tronrud primarily works within energy. She wrote her master thesis within climate law with title “Shiprecycling – non-state actors contribution to more sustainable ship breaking” 

INPEX Idemitsu Norge has a long and distinguished history on the NCS. Since its acquisition of a share in the Snorre field in 1990, the company has become a prominent full-cycle E&P player with significant production and an active exploration portfolio. Through the purchase of 4.80% unitized interest in the Statfjord Øst Unit and a 4.32% unitized interest in the Sygna Unit from INPEX Idemitsu Norge, Longboat Japex Norge has acquired its first producing assets in Norway. The transaction was conditional upon the carve-out of new production licenses from PL 089, to enable the transfer of the Statfjord Øst and Sygna fields. The parties contributed to a successful carve-out process.

The acquisition was made for a cash consideration of USD 12.75 million. The parties to the transaction have also entered into a decommissioning security agreement to make an additional deferred, post-tax payment of US$1.75 million in equal instalments over the next 18 months. This amount will be reimbursed to Longboat Japex Norge upon the successful decommissioning of the Statfjord Øst and Sygna fields, expected to take place in the late 2030s.

We congratulate all parties involved. Our core team included Karl Erik Navestad, Rune Tjomsås Andersen, Ane Stanger Tronrud, and Helene Anglevik.

INPEX Idemitsu Norge has successfully completed the sale of its interests in the Statfjord Øst and Sygna fields to Longboat Japex Norge

INPEX Idemitsu Norge is a subsidiary of Inpex Corporation, a Japan-based energy company. 

Longboat Energy Norge is a Norwegian wholly owned subsidiary of Longboat Energy PLC, a UK-based North Sea focused oil and gas company, with activities in Norway and Malaysia.

With this transaction Longboat Energy Norge is acquiring a 4.80 % unitised interest in the Statfjord Øst Unit, and a 4.32 % unitised interest in the Sygna Unit (both referred to as Statfjord Satellites) located on the Norwegian Continental Shelf.

In addition, Longboat Norge has entered into a decommissioning security agreement with INPEX Idemitsu and will pay a further deferred, post-tax consideration of US$1.75 million in equal stages over the next 18 months, which will be returned to Longboat Norge after the successful decommissioning of the Statfjord Satellites, currently anticipated in the late 2030s.

Completion of the acquisition of the Statfjord Satellites is anticipated prior to take place in the end of 2023. 

We congratulate all parties involved. Our core team consisted of Karl Erik Navestad, Rune Tjomsås Andersen, Ane Stanger Tronrud and Helene Anglevik.

Contact information

+47 452 04 273

ane@adeb.no

+47 23 89 40 00

Areas of expertise

Oil and gas

Renewable energy and infrastructure

Commercial contracts

ESG and compliance

Ane Stanger Tronrud

What we have done

INPEX Idemitsu Norge has successfully completed the sale of its interests in the Statfjord Øst and Sygna fields to Longboat Japex Norge

INPEX Idemitsu Norge is selling production assets to Longboat Energy Norge

Nyhetsbrev