Final investment decision made for Brasse
(Trondheim, 8 April 2024) OKEA ASA (OSE: OKEA), in collaboration with its partners, announces that final investment decision (FID) has been made for the Brasse development. The field is estimated to contain 24 million barrels of oil equivalent gross in recoverable reserves and will be developed as a tie-back to the Brage field.[A screenshot of a computer Description automatically generated] The Brasse development (PL740) is located in the northern North Sea, 13 kilometers south of the Brage field (Brage Unit). Transactions amongst the partners have resulted in an ownership structure