Seascape Energy Asia plc
SEA.L
London Stock Exchange87.00
GBp
-2.00
- -
Seascape Energy Asia plc
SEA.L
(London Stock Exchange)
Recent
price
87.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Seascape Energy Asia plc operates as a full-cycle exploration and production company focused on acquiring and developing oil and gas assets in Southeast Asia, primarily Malaysia; it holds a 10% participating interest in Deepwater Block 2A offshore Sarawak, encompassing the giant Kertang Prospect with over 200 square kilometers of four-way dip closure and unrisked mean prospective resources exceeding 9 trillion cubic feet, a 100% operated interest in the Temaris Cluster small field production sharing contract featuring two gas discoveries on the western flank of the Malay Basin offshore Peninsular Malaysia, and a 28% participating interest in the DEWA Cluster small field production sharing contract offshore Sarawak. The company targets near-field exploration drilling, infill drilling in existing fields, and accretive acquisitions or farm-ins to build a portfolio of hydrocarbon prospects across multiple plays in water depths ranging from 100 to 1,400 meters, serving markets proximate to major LNG facilities such as the Bintulu plant in Sarawak. Seascape Energy Asia plc, formerly Longboat Energy plc until its name change in September 2024, maintains headquarters at 5th Floor, One New Change, London EC4M 9AF, United Kingdom, and was incorporated in 2019. In October 2025, joint venture partners including operator INPEX Corporation approved entry into the second exploration phase of Block 2A and drilling of the Kertang Prospect subject to Petronas approval, with Seascape fully carried on an uncapped basis through this phase; earlier in 2025, the company completed the farmout of a significant participating interest in Block 2A to INPEX via sale of shares in a subsidiary, secured the Temaris Cluster PSC as operator, and outlined expansion priorities into Thailand and Vietnam alongside ongoing Malaysian opportunities.