Okea sells 20% PL1119 stake to Japex Norge for USD 30 million
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Okea sells 20% PL1119 stake to Japex Norge for USD 30 million
  • Okea agreed to sell its 20% working interest in license PL1119 to Japex Norge for USD 30 million.
  • Deal includes contingent consideration tied to a commercial discovery at Mistral Nord.
  • Closing is expected by end-Q3 2026, subject to governmental approvals.
  • Okea will exit a non-core position, sharpening focus on core assets.
  • Post-transaction PL1119 partners will be Equinor 60% operator, Inpex Idemitsu 20%, Japex 20%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Okea ASA published the original content used to generate this news brief via Cision (Ref. ID: 20260418:BIT:0505:0) on April 20, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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