October 15, 2019
As the first company on NCS, OKEA will live stream the drilling log from the drilling operations on the Odfjell rig Deepsea Nordkapp. Here you will be able to see the same data as the offshore drilling supervisor in real time. This includes the various drilling parameters and basic logs. The live stream can be followed on www.okea.no. A well schematic is attached to this press release and further information will be presented on www.okea.no
It is important to note that the data conveyed in real time during drilling, is NOT sufficient to deduce the potential value of any hydrocarbon discovery. These data need to be modelled into our reservoir 3D models before a final conclusion is announced when the drilling campaign is concluded.
“The drilling campaign mark OKEAs commitment to long term development of the Draugen Area. In addition, the live streaming of the drilling log positions OKEA on the leading edge of data sharing as well as demystify what oil companies actually do offshore” says CEO Erik Haugane.
“We are very satisfied with starting the drilling less the 12months after OKEA became operator on Draugen. We look forward to an efficient and well executed campaign” says VP Drilling & Wells, Ida Ianssen Lundh in a comment
Contact persons in OKEA:
Ida Ianssen Lundh, VP Drilling & Wells, + 47 452 54 562
Ståle Myhre, VP Investor Relation, + 47 917 51 878
OKEA is a fast-growing oil and gas producer operating on the Norwegian Continental Shelf (NCS) aiming to bring undeveloped discoveries with less than 100 million boe in reserves into production. We are a trusted partner on a local, regional and national level with a clear ambition to create value for owners, employees and society as a whole.
Our overall vision is to be the leading company on the NCS in terms of delivering safe and cost-effective field developments and operational excellence, while maintaining a competent organization with direct management engagement in all of our projects.
Our head office is based in Trondheim and includes most of our management functions. Our offshore operational center for existing and future OKEA-operated fields is based in Kristiansund.
OKEA is listed on Oslo Stock Exchange under the ticker “OKEA”.