(Trondheim, 28 February 2022) OKEA ASA (OSE: OKEA) announces that drilling
operations on the Neptune-operated Hamlet exploration well (35/9-16 S) have
commenced from the Deepsea Yantai rig. The well will be drilled 7 km north of
the Gjøa field and a discovery could be tied-back rapidly to the Gjøa platform.
The prospect lies in the Lower Cretaceous Agat Formation at a depth of
approximately 2600 m. OKEA holds a 12% working interest in the Gjøa licence
PL153.
''The Hamlet prospect is an exciting opportunity to discover new resources
within the Gjøa licence.'' says Andrew McCann, SVP Subsurface & Wells in OKEA.
"This is a further example of OKEA's strategy of identifying upside potential
for our producing assets where discoveries can be developed efficiently through
existing infrastructure'', Mr McCann added.
The drilling programme comprises a main well with an optional side-track
dependent on the outcome of the first bore. Further announcements will be made,
if applicable, when hydrocarbons are encountered, and/or on completion of
drilling operations.
Neptune Energy Norge AS is operator of PL153 with 30% working interest. The
other licensees are Petoro AS (30% WI) and Wintershall Dea Norge AS (28% WI).
For further information, please contact
SVP Subsurface & Wells, Andrew McCann, + 47 415 07 726
VP Investor Relations, Trond Omdal, +47 915 32 578
About OKEA
OKEA ASA is a leading mid-to-late-life operator on the Norwegian continental
shelf (NCS) with a current target production of 18 500 - 20 000 boe per day in
2022. OKEA finds value where others divest and has an ambitious growth strategy
built on accretive M&A activities, value creation and capital discipline. OKEA
is listed on the Oslo Stock Exchange (OSE:OKEA).
More information is available at www.okea.no