The recent NOK 4.5bn asset acquisition from Shell transformed OKEA to an established company with a material production base of ~20,000 boe/d.
OKEA shall contribute to the value creation on the Norwegian Continental Shelf with cost effective development and operation systems. OKEA target to be an active operator and owner and utilize the results of the previous and ongoing exploration activities targeting the substantial upside potential in producing assets.
Among all the discoveries not developed, there are millions of barrels of oil that OKEA is committed to bring on stream in a strategic cooperation with key service companies.
OKEA will acquire shares in licenses without a development plan where we can contribute to implement a low cost development project, at less than exploration cost and co-ordinate several discoveries to share a production tool.
OKEA is founded with capital contribution from four members of the management, as well as with capital originating from funds and strategic investments managed by Seacrest Capital Group.