OKEA acquires 2.223% in the Ivar Aasen field from Neptune Energy
(Trondheim, 12 November 2021) OKEA ASA (OSE: OKEA) today announces the purchase of 2.223% working interest (WI) in the Ivar Aasen field from Neptune Energy Norge AS (“Neptune”). Total compensation is up to USD 12.7 million dependent on the oil price in 2022. The acquisition will add to OKEA’s current holding of 0.554% WI in Ivar Aasen and increases the ownership share to 2.777% following the transaction. The effective date of the transaction is 1 January 2022. OKEA’s acquisition of the Ivar Aasen stake is a part of a larger transaction involving M Vest Energy AS (“M Vest”). In total,