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Source: OKEA

Source: OKEA combine to produce 9,648 barrels of oil equivalent per day (boepd) and 8,135 boped. With Brent oil hold- ing above $60, 44.56% owner and operator OKEA seems well-equipped for price dips at Draugen, which is still providing the company with over 50% of its total production.

“$60 is quite OK, I think,” Hagene assures us. He would know. He found- ed independent Det Norske (now

Aker BP), in the 1990s, when North

Sea oil dipped below $20 and Norway was producing a million barrels via just six large ? elds. A ’90s production decline forced the government to in- centivize the supply chain and small oil companies by 2006. That paved the way for Norway’s ? rst indies.

Hagene’s indie intends to transform

Draugen from shrunken giant to a hub of 100,000 bbl. The results of

OKEA’S ? rst operated wells, 6407/9- 11 and 6407/9-12 in the Norwe- gian Sea, could speak volumes about whether they’ll accomplish that vi- sion. So, too, will the Hasselmus FID. The target: a top section seismic image of the Draugen field

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