EQUINOR ASA (Trondheim,3 January 2022 )OKEA ASA (OSE:OKEA ) announces that drilling operations on theEquinor -operated Ginny exploration well 6407/9-13 have commenced from the West Hercules rig. The well, in production licence PL1060, targets both an Upper Jurassic (Ginny) and a Middle Jurassic (Hermine) prospect located between the Galtvort and Hasselmus discoveries.OKEA holds a 40% working interest in the licence which was awarded in the APA 2019 licensing round. The licence is located NW of the Draugen field which is operated byOKEA (44.56% WI). ''This is the first of three exploration wells we will be drilling the coming year, all focussed on near-field exploration near our Draugen and Gjøa producing fields.'' saysAndrew McCann , SVP Subsurface & Wells inOKEA . "This type of exploration is core toOKEA's strategy of identifying upside potential for our producing assets and a discovery in this area could be developed rapidly through use of existing infrastructure'',Mr McCann added.Equinor Energy AS is operator of PL1060 with 31% working interest. The other licensees are Chrysaor Norge AS (20% WI) and Longboat Energy Norge AS (9% WI). Further announcements will be made, if applicable, when hydrocarbons are encountered, and/or on completion of drilling operations. For further information, please contact SVP Subsurface & Wells,Andrew McCann , + 47 415 07 726 VP Investor Relations,Trond Omdal , +47 915 32 578 AboutOKEA OKEA ASA is a leading mid-to-late-life operator on the Norwegian continental shelf (NCS) with a current target production of 18 000 - 19 000 boe per day in 2022.OKEA seeks value where others divest and has an ambitious growth strategy built on accretive M&A activities, value creation and capital discipline.OKEA is listed on theOslo Stock Exchange (OSE:OKEA). More information is available at www.okea.no More information on www.okea.no
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