Hydrocarbons have been observed from logs on entering the reservoir in the Hamlet exploration well (35/9-16 S) and coring will now be initiated according to plan. The reservoir operations are at an early stage and final results are not yet available.

The well is being drilled in the Gjøa licence (PL153), where OKEA has a 12% working interest (WI), 7 km north of the Gjøa field.

Neptune Energy Norge AS is operator of PL153 with 30% WI. The other licensees are Petoro AS (30% WI) and Wintershall Dea Norge AS (28% WI).

About OKEA

OKEA ASA is a leading mid- to late-life operator on the Norwegian continental shelf (NCS) with a current target production of 18,500 – 20,000 boe per day in 2022. OKEA finds value where others divest and has an ambitious strategy built on growth, value creation and capital discipline. OKEA is listed on the Oslo Stock Exchange (OSE:OKEA).

About Neptune Energy Norge AS

Neptune Energy Norge is a subsidiary of Neptune Energy. The company is the operator of the Gjøa field in the North Sea. It recently opened up two new subsea fields, Duva and Gjøa P1, tied back to the Gjøa platform. Neptune is the operator of the development project Fenja in the Norwegian Sea. In 2020, the company made the Dugong discovery and is a partner in several producing fields: Bauge (under development), Brage, Draugen, Fram, Gudrun, Hyme, Ivar Aasen, Njord and Snøhvit. Neptune Energy Norge is a participant in a total of 81 licences. For the full year 2021, Neptune produced 46 kboepd in Norway.