OKEA’s position in the greater Gjøa area is strengthened by the farm-in of Alpehumle, located approximately 35 km north of the Gjøa platform. Effective date for the transaction is 1 January 2025. OKEA is already a partner in the Gjøa license with a 12% WI.
Alpehumle is operated by AkerBP and is scheduled for drilling in the first quarter of 2026.
Partners in the PL1153 Alpehumle license include Aker BP ASA (40% WI), INPEX Idemitsu Norge AS (30% WI), Harbour Energy Norge AS (10% WI post-transaction), and OKEA ASA (20% WI post transaction).
The transaction is subject to customary government approval.