June 26, 2019

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: