OKEA Makes New Oil Discovery in North Sea’s Brage Field

Norwegian energy company OKEA, along with its partners, has confirmed a new oil discovery in the southern part of the Prince prospect at the Brage field in the North Sea. The find, announced in May 2025, was made in wildcat well 31/4-A-23 G, while a nearby well, 31/4-A-23 F, did not yield hydrocarbons. Preliminary estimates indicate the discovery holds between 1.9 million and 17.5 million barrels of oil in place, with recoverable volumes projected at 0.3 million to 2.8 million barrels, adding significant potential to the field’s resources.

The Brage field, located 10 kilometers east of the Oseberg field, operates under production licence 055, issued on April 6, 1979. Discovered in 1980, the field began production in 1993 following development approval in 1990. It features an integrated facility for production, drilling, and living quarters, supported by a steel jacket structure. The recent discovery marks the 13th and 14th exploration wells drilled within this licence. The licensees are now assessing the deposit to optimize recovery methods and explore nearby prospects, including plans for additional wells.

Svein J. Liknes, CEO of OKEA, stated: “This discovery underscores our commitment to maximizing the potential of the Brage field through targeted exploration. It strengthens our resource base and supports ongoing efforts to enhance recovery in the North Sea.” The find aligns with OKEA’s strategy to extend the field’s productive life and contribute to regional energy supply for domestic and industrial use, without impacting trade dynamics.

Earlier in May 2025, OKEA awarded an integrated engineering, procurement, construction, and installation contract to the Subsea Integration Alliance, comprising SLB OneSubsea and Subsea7, for the Bestla project, previously known as Brasse. This initiative involves a 13-kilometer subsea tieback to the Brage platform, streamlining operations and enhancing efficiency. The Bestla project complements the Brage field’s development, reinforcing its role as a key asset in the North Sea.

The discovery and related projects highlight OKEA’s focus on sustainable resource development, leveraging advanced exploration and infrastructure to bolster energy production. The Brage field’s ongoing contributions support Norway’s energy sector and regional economic growth.