OKEA to acquire the North Sea assets from Wintershall Dea for $118m.

OKEA, an independent oil producer, agreed to acquire a 35.2% stake in Brage field, 6.46% stake in Ivar Aasen and a 6% stake in Nova field from Wintershall Dea, an operator of crude oil and natural gases exploration company, for $118m. "We are very pleased to announce this transaction with Wintershall Dea which represents a significant step towards delivering inorganic growth in line with our revised strategy as set out at the end of last year. Through this acquisition, OKEA establishes a new operated position, enhances the scale and diversification of our portfolio and strengthens our position within existing core areas," Svein J. Liknes, OKEA CEO.