OKEA ASA

Regulatory Filings • Sep 9, 2022

OKEA ASA - Production outage at the Yme field

OKEA ASA - Production outage at the Yme field

(Trondheim, 9 September 2022) OKEA ASA (OSE: OKEA): Following damage to parts of

the process pipe system at the Yme field, Repsol Norge AS, as operator, has

today informed OKEA ASA ("OKEA" or the "Company") that the technical issues will

likely result in a total of five to six weeks of production down-time at the

field during third quarter of 2022 as repair work is being conducted. Estimated

re-start of production is in early October.

The reduced production in third quarter of 2022 will not result in any change of

OKEA's production guidance for the year.

For further information, please contact:

CEO, Svein Liknes, +47 917 67 704

CFO, Birte Norheim, + 47 952 93 321

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

About OKEA

OKEA ASA is a leading mid- to late-life operator on the Norwegian continental

shelf (NCS). OKEA finds value where others divest and has an ambitious strategy

built on growth, value creation and capital discipline.

OKEA is listed on the Oslo Stock Exchange (OSE: OKEA).

More information at www.okea.no