OKEA ASA - Acquisition of Vette discovery from Repsol
OKEA ASA - Acquisition of Vette discovery from RepsolTrondheim, 18 December 2020 - OKEA ASA (“OKEA” or the “Company”) is pleased to announce that the Company has signed a Sales and Purchase Agreement (SPA) with Repsol Norge AS (“Repsol”) for the acquisition of Repsol’s 40% operated working interest in PL 972, which includes the Vette oil discovery, with effective date 1 January 2021. The Vette discovery (Block 17/12) is located at a water depth of about 110 metres in the south-eastern part of the North Sea. OKEA estimates that the recoverable volumes are in the range of 30-50 mmboe.