OKEA: Operational update - first lifting of oil from the Yme field completed
Friday 24 December 2021
The first lifting of oil from the Yme field was completed, on the 22nd of December. A total volume of 100,000 barrels was lifted, of which OKEA will be allocated 15,000 barrels. Further commissioning of process systems and start-up of additional wells will continue over the next weeks which will enable ramp up of production over the coming months as the process plant is tuned and optimised.
As announced in the third quarter 2021 financial results presentation, 632,000 barrels of oil was lifted by OKEA from the Draugen field in October. OKEA also expects to lift 200,000 barrels of oil from Ivar Aasen in December. The next lift to OKEA from Gjøa is expected to be 155,000 barrels of oil in early January.
Production guiding for 2021 of 15,500-16,500 boepd remains unchanged.