Chrysaor Farms‐in to Grevling Discovery in Norwegian North Sea
Monday 26 March 2018
OKEA 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 license, covering the Grevling oil discovery in the Norwegian North Sea.
Once the deal is complete, the partners in the license will be OKEA (55%), Petoro (30%) and Chrysaor (15%). OKEA is operator of the license. As part of the transaction, Chrysaor has an option to further increase its interest in the license to 35%. Partners in the Grevling license are actively reviewing development concepts and expect to conclude on the development concept late this year.