OKEA farms into Tverrdal exploration well - OKEA

OKEA farms into Tverrdal exploration well

(Trondheim, 14 March 2025) OKEA ASA (OSE: OKEA) (“OKEA”) is pleased to announce that it has entered into an agreement with Aker BP ASA (“Aker BP”) to acquire a 35% working interest (“WI”) in the southern part of PL1102 / PL1102B, containing the Tverrdal prospect. Effective date of the transaction is 1 January 2025.

Published:
14.03.2025
Attached files:

The farm-in strengthens OKEA’s position in the greater Brage area as Tverrdal is located approximately 13 km north of the Brage platform. Tverrdal is operated by Aker BP and is scheduled for a drill-or-drop decision in May 2025. 

 

The PL1102/1102B licensees are applying for a division of the licenses in a northern and southern part. The agreement with Aker BP is to acquire a 35% WI in the southern part, subject to governmental approval of the division.

 

Other partners in the licenses are Aker BP (20% WI post transaction), DNO Norge AS (30% WI), Equinor Energy AS (15% WI), and OKEA (35% WI post transaction).

 

The transaction is subject to government approval.