The Brasse project continues with OKEA as operator
(Trondheim, 9 August 2023) - OKEA ASA (OSE: OKEA): The partners in the Brasse license have agreed on a fast-track development concept for the oil and gas discovery, paving the way for detailed design studies to link up with the Brage field. A final investment decision is expected in early 2024.In December 2022, OKEA and DNO ASA entered into an agreement for OKEA to become a 50% owner of the Brasse license (PL740), taking over the previous partner`s equity free of charge, with DNO holding the remaining 50%. OKEA has also entered into an SPA with M Vest Energy AS (M Vest) to sell 4.4424% WI