Okea completes purchase of PL195 from Equinor

Oct. 15, 2020
Okea ASA has purchased Equinor Energy’s 40% working interest in PL195 and PL195 B, including the Aurora discovery.

Okea ASA has purchased Equinor Energy’s 40% working interest in PL195 and PL195 B, including the Aurora discovery (OGJ Online, July 15, 2020). The Ministry of Petroleum and Energy has approved the transaction and the purchase is retroactively effective to Jan. 1, 2020.

Okea is now operator of the licenses and will develop Aurora as a tie-in to Gjøa (in which Okea holds 12% interest) without further appraisal drilling.

Partners in the licenses are Petoro (35%) and Wintershall DEA (25%).