OKEA enters into the Brasse license
(Trondheim, 29 December 2022) (OSE: OKEA) OKEA ASA (“OKEA”) and DNO Norge AS (“DNO”) have yesterday signed an SPA through which OKEA enters into the Brasse license (PL740) with a 50% WI effective 1 January 2023. Following the transaction, DNO (Op.) and OKEA will each hold 50% WI in the license. The target of the new partnership is to undertake a fast-track, low cost review to assess whether a value accretive development concept can be found for the estimated 30 mmboe recoverable volumes at Brasse, which is located only 13 km from the OKEA-operated Brage field. The transaction is