OKEA AS has taken over Shell’s 50% working interest and operatorship on Production License (PL) 958.

PL958 is located on the Trøndelag Platform, 10 km east of the Draugen Field, where OKEA is operator, and east of PL1001 where OKEA is partner. The acreage is in the exploration phase and data coverage is limited. The other license partners are Neptune and Petoro, the same as on the Draugen Field.

‘’This position in PL958 strengthens our presence in the Draugen Area’’, comments Andrew McCann, SVP Subsurface in OKEA. ‘’We believe that the large license can contain a continuation of the Draugen geological trend and that there are interesting opportunities which could significantly expand the resource base for Draugen in the future. We look forward to exploring the area’’.

About OKEA AS

OKEA is a pure Norwegian oil and gas production and development company located in Trondheim and established in June 2015. Since then OKEA has built a strong organization with a team of experienced people with the ability to innovate. OKEA shall contribute to the value creation on the Norwegian Continental Shelf, with cost effective development and operation systems.

About Royal Dutch Shell plc

Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.