OKEA has agreed a deal with Equinor to acquire its 40% interest plus operatorship in PL 195 and PL 195 B, subject to government approval. The licences contain the 1988 Aurora gas discovery made by 35/8-3 which OKEA is intending to develop as a tie-back to the nearby Gjoa field without drilling an appraisal well. Estimated recoverable reserves for Aurora are 12-28 MMboe. The deal was announced on 15 July 2020.   35/8-3 encountered a gas column of 70 m (32 m of net pay) in the Upper Jurassic Heather Formation. Average porosity was 16% and average water saturation was 22%. The GWC was not penetrated. The underlying Middle Jurassic Brent Group was the main target for the well but was water-wet.   Upon completion of the deal, interest in PL 195 and PL 195 B will be divided between OKEA ASA (40% + operator), Petoro AS (35%) and Wintershall Dea Norge AS (25%).
Norway (Viking Graben Province), OKEA has agreed a deal with Equinor to acquire its 40% interest plus operatorship in PL 195 and PL 195 B, subject to government approval. PL 195 operated by EQUINOR (40%), PETORO (35%), BASF (17%), L1 EN (8%).