Oil discovery in the Talisker exploration well at the Brage field
(Trondheim, 25 August 2025) OKEA ASA (OSE: OKEA) announces oil discoveries inthe Talisker exploration well at the Brage field (PL 055). The discoveriesweremade in the Cook and Statfjord formations and are considered commercial withpreliminary estimates of gross recoverable resources in the range of 16 - 33mmboe combined. In addition, appraisal of hydrocarbons encountered in theBrentgroup is expected completed during Q4 2025.
The Talisker exploration well (31/4-A-15 B), a 10.223 meter long well, wasdrilled from the Brage platform in the North Sea. Discoveries were made in theCook and Statfjord formations and are considered commercial with preliminaryestimates of gross recoverable resources in the range of 2 - 7 mmboe in theCookformation and 14 - 26 mmboe in the Statfjord formation respectively. Inaddition, hydrocarbons were encountered in two thin sandstones in the Brentgroup which will be further appraised by the upcoming well paths, expectedcompleted during Q4 2025.
"This discovery is another example of OKEA's strategy to utilise existinginfrastructure, subsurface knowledge and drilling technology to unlock morevalue in the Brage area, and extend the lifetime of the field", says Svein J.Liknes, CEO of OKEA.
More information on the final well result will be published by the NorwegianPetroleum Directorate in due course. OKEA ASA (operator) holds 35.2% WI, LimePetroleum AS 33.8434% WI, DNO Norge AS 14.2567% WI, Petrolia NOCO AS 12.2575%WI, and M Vest Energy AS 4.4424% WI in the PL055 license.
For further information, please contact:Stig Hognestad, VP Investor Relationsstig.hognestad@okea.no+47 902 59 040
About OKEAOKEA ASA is a leading mid- and late-life operator on the Norwegian continentalshelf (NCS). OKEA finds value where others divest and has an ambitiousstrategybuilt on growth, value creation and capital discipline.
OKEA is listed on the Oslo Stock Exchange (OSE:OKEA)
More information at www.okea.no
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