OSLO, NORWAY: OKEA, as operator of the Vette licence (40% Working Interest (WI)), has decided to propose to the licence partners not to develop the Vette discovery further, due to the project’s insufficient financial robustness, a bourse filing said. OKEA…
TRONDHEIM: The Board of Directors of OKEA has appointed Svein J. Liknes as new CEO of OKEA, a news release said. The founder and current CEO of OKEA, Erik Haugane (68), has been in discussion with the Board about his…
TRONDHEIM, NORWAY: OKEA ASA announced that the company has signed a Sales and Purchase Agreement (SPA) with Equinor Energy AS for the acquisition of Equinor’s 40% operated working interest in PL195 and PL195 B, which include the Aurora discovery, with…
OSLO, NORWAY: OKEA ASA, an Exploration and Production (E&P) company, has announced successful completion of a USD 120 million five-year senior secured bond issue with a coupon rate of 8.75 percent and an issue price of 99% of the nominal…