OKEA

The water depth is 137 metres. Brage was discovered in 1980, and the plan for development and operation (PDO) was approved in 1990. The production started in 1993.

The water depth in the area is 250 metres. Draugen was discovered in 1984 by Shell, the plan for development and operation (PDO) was approved in 1988, and with production start in 1993.

Gjøa was discovered in 1989, and the plan for development and operation (PDO) was approved in 2007. The production started in 2010. The field is partly supplied with power from shore. The Vega, Duva and Nova fields are tied back to Gjøa for processing and further export.

OKEA manages mature oil and gas fields on the Norwegian continental shelf, focusing on long-term resource management and high recovery rates.

DNB will purchase up to NOK 27,890,842 in OKEA shares on behalf of 440 employees, including primary insiders, between now and 28 February 2024.

(Trondheim, 31 January 2024) OKEA ASA (OSE: OKEA) OKEA will publish its financial report for the fourth quarter of 2023 on Thursday 8 February at 06.00 CET. A trading update summarizing key figures for the quarter will be published on 1 February at 08.00 CET.

Reference is made to the stock exchange announcement made 13 February 2024 regarding share purchase by DNB on behalf of 440 employees of OKEA ASA (the “Company”, or “OKEA”).

“I was uncertain about what I wanted to work with and which path to choose in high school. My father worked in the ‘oil industry,’ and several of my friends who pursued vocational education had since gotten jobs in the North Sea. So, I decided to go for Chemical Process and Laboratory Science.”

Ivar Aasen was discovered in 2008, and the plan for development and operation (PDO) was approved in 2013. Production started in 2016.

What started as a summer internship quickly became the beginning of Julie's career in the company, driven by curiosity and a strong sense of belonging.

OKEA reduces emissions, invests in people and society, and protects the environment to maintain its operating license.

OKEA operates mid- and late-life oil and gas assets on the Norwegian continental shelf.

OKEA promotes transparency and integrity through its values and encourages reporting of conduct breaches.

OKEA’s Supply Chain department coordinates air operations, including planning, personnel, heli-booking, and Dawinci support.

OKEA extends field life, explores new resources, and unlocks value from existing infrastructure on the Norwegian continental shelf.