OKEA and its partners in the Brasse oil and gas project have made a final investment decision (FID). The Brasse field is located in the shallow waters of production licence 740 in Norway's section of the North Sea, about 13km south of the Brage field.
It's calculated that Brasse holds 24 million barrels of oil equivalent (boe) in recoverable reserves. The developers plan to explore it with a two-well subsea tieback to Brage, which is operational since 1993.
The next step for OKEA is to submit Brage's plan for development and operation (PDO), which the company expects to do this month. Once this is approved, the project will be renamed to Bestla.
Operations are scheduled for the first half of 2027.
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