(Trondheim, 16 January 2024) (OSE: OKEA) OKEA ASA ("OKEA") has been offered
interests in three new production licences on the Norwegian continental shelf,
through the Awards in Pre-Defined Areas (APA) for 2023.
The awards announced today further strengthen OKEA's portfolio of near-field
exploration opportunities around the Draugen and Statfjord production hubs. The
company now has interests in 19 exploration-focused licences.
The new OKEA-operated licence is located in the Norwegian Sea. PL 1223 holds the
Galtvort discovery which will be considered developed towards the Draugen hub.
"The award demonstrates OKEA's ambition of being an active explorer in our core
areas, and we see growth opportunities both in terms of potential new
discoveries and new developments towards OKEA infrastructure", says OKEA VP
Exploration, Morten Krogh.
"We are pleased to be awarded these licenses, which are important additions to
our exploration - and development portfolio. Organic growth is an essential
building block in OKEAs strategy, and we will continue developing a focused
license portfolio in our core areas", says OKEA SVP Subsurface, Ida Lundh.
The APA 2023 awards were announced by the Ministry of Energy on Tuesday 16
January 2024. In total, 62 licences were offered to a total of 24 companies.
For more details on the awards, please see the announcement from the Ministry of
Energy at TFO 2023: 62 nye utvinningstillatelser -
regjeringen.no (https://www.regjeringen.no/no/aktuelt/tfo-2023-62-nye
-utvinningstillatelser/id3021963/)
Licence Block(s) Operator Other partners OKEA WI
PL 1223 6407/5, 6407/8 OKEA M Vest, Petoro 44.56
PL 1222 6307/1, 6307/4, 6407/10 Equinor OKEA, Aker BP 30
PL 1214 33/9 Equinor OKEA, Vår, Petoro 28
For further information please contact
VP Investor Relations & Communication, Anca Jalba, +47 410 87 988
About OKEA
OKEA ASA is a leading mid- to late-life operator on the Norwegian Continental
Shelf (NCS). OKEA finds value where others divest and has an ambitious strategy
built on growth, value creation and capital discipline.
OKEA is listed on the Oslo Stock Exchange (OSE: OKEA). More information at
www.okea.no