OKEA ASA ( (DE:3SX) ) just unveiled an announcement.
OKEA ASA has entered into an agreement with Aker BP ASA to acquire a 35% working interest in the southern part of the PL1102/PL1102B licenses, which includes the Tverrdal prospect. This acquisition, effective from January 1, 2025, enhances OKEA’s strategic position in the Brage area, with the Tverrdal prospect located near the Brage platform. The transaction, which is subject to government approval, is part of a broader license division application and involves other partners such as DNO Norge AS and Equinor Energy AS.
More about OKEA ASA
OKEA ASA is a prominent operator focusing on mid- and late-life assets on the Norwegian continental shelf. The company is known for its strategic approach to growth, value creation, and capital discipline, and is publicly traded on the Oslo Stock Exchange.
YTD Price Performance: -13.17%
Average Trading Volume: 440
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €155.8M
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