OKEA submits Bestla development plan
Norwegian oil company OKEA has submitted the plan for development and operation (PDO) for the Bestla oil and gas field in Norway’s North Sea.
OKEA
Equinor offloads minority stake in Statfjord feild in $220m deal
Equinor has signed a deal to offload 28% of its working interest in the Statfjord area to fellow Norwegian firm, OKEA.
OKEA takes stake in DNO’s Brasse discovery
In 2020, DNO took a £69 million charge on the value of Brasse, even while maintaining that the field was still commercial.
Neptune confirms hydrocarbons at Calypso well
Neptune Energy has confirmed that hydrocarbons have been encountered in the Calypso exploration well in the Norwegian Sea.
Neptune spuds Calypso well in Norwegian Sea
Neptune Energy has announced the start-up of drilling at its operated Calypso well in the Norwegian Sea.
Repsol Norge’s Yme field to be out of action for up to six weeks
Repsol Norge has reported damage to parts of the process pipe system on the Yme field, ceasing production for up to six weeks.
OKEA buys in as Wintershall exits Brage field
Norwegian late-life specialist OKEA will buy Wintershall Dea’s stakes in a trio of Norwegian fields, including operatorship of the Brage field, 76 miles west of Bergen.
Longboat reports dry well at Ginny/Hermine
Licence partners including Longboat Energy and OKEA have confirmed the Ginny/Hermine exploration well in the Norwegian Sea failed to encounter hydrocarbons.
Equinor starts drilling at Ginny exploration well
Drilling operations have begun at the Equinor-operated Ginny exploration well in the Norwegian Sea.
Drilling kicks off at Chrysaor’s Jerv exploration well
Drilling operations have kicked off on Chrysaor’s Jerv exploration well offshore Norway.
Norway decision on production cuts looms
Norway has said it will soon decide whether to cut its oil production to help support plummeting prices.
Okea looks to raise up to £80m through initial public offering
Norwegian oil firm Okea has today announced its intention to launch an initial public offering (IPO) of its ordinary shares and to apply to publicly list the business on the Oslo Stock Exchange.
Shell finalises Draugen and Gjoa sale
Oil giant Shell has announced the sale of its interest in the Draugen and Goja fields to OKEA AS for £412 million.
Norway approves Chrysaor’s Grevling transaction
Norway's energy ministry has approved Chrysaor's acquisition of 15% of a licence from Okea.
OKEA plans to list business ‘could shape future’ of North Sea investment, analyst says
Plans by Norwegian private equity-backed firm OKEA to list its business on the Oslo stock exchange "could shape future" North Sea investment, a WoodMac analyst has said.
Shell to sell off Draugen and Gjoa interests
Shell has agreed to sell off its interests in two oil fields to Norwegian firm OKEA for £442 million.
OKEA awards frame agreement to Ridge AS
OKEA have awarded a frame agreement to Ridge AS for well management services.
AGR and OKEA deal will help unlock Norwegian oil and gas potential
Energy services company, AGR, has announced a deal to work with the Norwegian development and production company, OKEA, to support the life cycle of its upstream assets on the Norwegian continental shelf.
OKEA buys stake in Yme field
Norwegian company OKEA said it had entered into a sale and purchase agreement with Repsol for a 60% stake in the Yme field. The company said the move will be subject to approval by the Norwegian authorities once an update plan for development and operation has been submitted.