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OKEA acquires 28% working interest in PL037 (Statfjord Area) from Equinor

Trondheim, 20 March 2023 - OKEA ASA is pleased to announce that it has entered into an agreement with Equinor Energy AS to acquire 28% working interest in PL037 with effective date 1 January 2023. | March 20, 2023

Equinor sells working interest in North Sea oil production asset to OKEA

The total consideration is $220 million plus a contingent payment element based on oil and gas prices over a 3-year period. A 28% working interest in PL037 gives 23.9% in Statfjord Unit, 28% in Statfjord Nord, 14% in Statfjord Øst Unit and 15.4% in Sygna Unit.

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