OKEA has achieved a further exploration success within the Talisker play at the mature Brage field in the Norwegian North Sea, continuing the positive trend initiated by the play's discovery in August of the previous year.

Latest Discovery and Preliminary Estimates

The success was encountered during the drilling of a development well, referred to as Talisker East, targeting the Knockando Fensfjord prospect. Preliminary resource estimates indicate a significant find. If the discovery is oil, the recoverable volume is estimated to be between 500,000 and 1.5 million cubic metres of oil equivalent, which translates to approximately 3.1 million to 9.4 million barrels of oil equivalent. If the discovery is gas, the preliminary estimate is between 400,000 and 900,000 million cubic metres of recoverable oil equivalent.

Development and Ownership

The licensees are now evaluating development opportunities for this latest discovery. The well was drilled from a rig onboard the existing Brage production platform. OKEA is the operator of the Brage field with a 35.2% stake. Its partners are Lime (33.8434%), DNO (14.2567%), Petrolia Noco (12.2575%), and M Vest Energy (4.4424%).