OKEA buys 60% of the YME Field

Versjon 2Trondheim’s new oil company, with Erik Haugane and Ola Borten Moe as key owners, is getting closer to operations. OKEA has purchased Repsol’s ownership in the YME Field, and plans a new development scenario with production start in  2017-2018. The oil field has original in place around 300 mill. bbl, and the remaining recoverable reserves are currently estimated at   60 mill. bbl. The upside may be significant.