The Norwegian start-up, with ex-oil minister Ola Borten Moe and former Det Norske boss Erik Haugane on its management team, has acquired an interest of 0.554% from field partner OMV, which has thereby exited the project, according to the Norwegian Petroleum Directorate’s website.
Borten Moe revealed the acquisition at an oil seminar in Stavanger this week, though the parties are not disclosing the price of the deal, and said it would give Okea output of around 400 barrels per day once the North Sea field is brought on stream by the end of the year, Norwegian news site Sysla.no
