Chrysaor farms in to Grevling discovery in Norwegian North Sea
TRONDHIEM -- OKEA, the Seacrest Capital-backed oil and gas development company focused on the Norwegian Continental Shelf, has announced that Chrysaor, the leading oil & gas independent has, through its Norwegian subsidiary, Chrysaor Norge A.S., entered into an agreement with OKEA to acquire a 15% interest in the PL038D licence, covering the Grevling oil discovery in the Norwegian North Sea.
Once the transaction completes, the partners in the licence will be OKEA (55% and operator), Petoro (30%) and Chrysaor (15%). As part of the transaction, Chrysaor has an option to further increase its interest in the licence to 35%. Partners in the Grevling licence are currently actively reviewing development concepts and expect to decide on a development plan later this year.
