OKEA sells its 15% WI in Yme to Lime for a consideration of USD 15.65m
Trondheim, 23 September 2024 - OKEA ASA ("OKEA") is pleased to announce that it has entered into an agreement with Lime Petroleum AS ("Lime") to sell its 15% working interest in the Yme licence for a post-tax cash consideration of USD 15.65 million (the "Transaction"). Effective date of the Transaction is 1 January 2024 with expected closing before year-end 2024.Transaction highlights · Sale of 15% working interest (WI) in the Yme field · Fixed consideration of USD 15.65 million · All related decommissioning costs to be transferred to Lime. In addition, Lime will pay OKEA a post-