Revision in reserves at the Yme field
(Trondheim, 4 October 2023): OKEA ASA (OSE: OKEA) (“OKEA” or the “Company”). Following observation of production performance from the wells drilled at the Yme field earlier this year, OKEA has performed a decline analysis of the field. The preliminary results indicate a reduction in reserves net to OKEA from 7.6 Mmboe (adjusted ASR 2022) to an expected range of 5.5-6.5 Mmboe. OKEA will engage with the license partners to further explore the results of the analysis and undertake a revised lifetime assessment of the Yme field. As the Yme asset is held at fair value in the Company’s