Completion of acquisition of package of A/S Norske Shell’s interests on the Norwegian Continental Shelf
OKEA AS, the oil and gas production and development company focused on the Norwegian Continental Shelf (“OKEA”), is pleased to announce that it has completed the acquisition of a package of A/S Norske Shell’s interests on the NCS, as announced in June 2018. The acquisition includes a 44.56% share of the Draugen field (PL093), a 12.0% share of the Gjøa field (PL153) and the office building “Råket” in Kristiansund. OKEA will assume operatorship of the Draugen field effective from 30 November 2018. As part of this transaction, 153 employees will transfer from Shell to OKEA. OKEA’s CEO