OKEA ASA - Development plan for Gjøa P1 project approved

Gjøa P1 (PL153) project have been approved by Norwegian authorities

Gjøa P1 project, where OKEA is a partner with 12% ownership, was today approved by Norwegian authorities. P1’s recoverable resources are estimated to be 3.8 million boe (net to OKEA) and it is expected to yield around 2 900 boe per day (net to OKEA) at maximum production. Production start is expected late 2020.

More information about the project can be found in the operator’s (Neptune Energy Norge AS) press release:


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OKEA is an oil company established in Trondheim 2015. OKEA will contribute to the value creation on the Norwegian Continental Shelf with cost effective development and operation systems.