Ministry of Petroleum and Energy and Ministry of Finance Approves Transaction from AS Norske Shell and OKEA Concerning the Transfer of the Licenses Associated with the Draugen Field

Thursday 8 November 2018

The Ministry of Petroleum and Energy and Ministry of Finance has approved the transaction from AS Norske Shell and OKEA concerning the transfer of the licenses associated with the Draugen field in the Norwegian Sea and the Gjøa field in the North Sea. The Ministry of Petroleum has also approved OKEA as new operator for the Draugen field. AS Norske Shell and OKEA AS aims to close the transaction on 30th November.