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OKEA AS

Company Summary

Description

OKEA is an oil company established in Trondheim 2015. OKEA will contribute to the value creation on the Norwegian Continental Shelf with cost effective development and operation systems.

Website

https://okea.no/

Operational Regions

  • Norwegian Sea
  • North Sea

Recent news

  • 3/23/2023 - Equinor Signs Agreement... (subscriber access)
  • 7/2/2018 - OKEA Signs Well... (subscriber access)
  • 6/20/2018 - Shell Selling Stake in... (subscriber access)

Company Transactions

Date: 12/31/2023
Type: Acquisition

BUYERS:
  • OKEA AS
    • SELLERS:
  • Equinor ASA
    • ASSETS:
  • Statfjord Unit
    • DETAILS:

    COST: 200 $MM

    NOTES:
    Equinor, an offshore oil and gas operator on the Norwegian continental shelf, is making plans to divest 28% working interest in the PL037 Statfjord area to OKEA, which is a late-life operator in the same area. The deal is for USD $220 million, but will additionally include payment considerations based on oil and natural gas prices over a 3-year period.
    REGIONS:
  • Norwegian Continental Shelf

    • Date: 11/30/2018
    Type: Acquisition

    BUYERS:
  • OKEA AS
    • SELLERS:
  • A/S Norske Shell
  • Shell plc.
    • DETAILS:

    COST: 556 $MM

    VOLUMES: 25 MBOE/d

    NOTES:
    A/S Norske Shell has reached a deal to divest its 44.65% stake in the Draugen field and a 12% interest in the Gjøa field in Norway to OKEA AS.
    REGIONS:
  • Norwegian Sea
  • North Sea