OKEA ASA

Board/Management Information • Jan 13, 2020

Knut Gjertsen new SVP Project and Technology in OKEA

Knut Gjertsen new SVP Project and Technology in OKEA

Knut Gjertsen new SVP Project and Technology in OKEA

Knut Gjertsen is appointed as SVP Project and Technology in OKEA.

Knut comes from the position as Project Director for Johan Castberg in Equinor.

He will join OKEA 1st of April.

"We are very pleased to get a capacity like Knut Gjertsen to join the OKEA team"

says CEO Erik Haugane in a comment and continues "OKEA has an ambition, both as

operator and as partner, to execute cost effective field developments projects

on the Norwegian continental shelf and the value of Knut's competence in this

area cannot be overemphasized".

For further information, please contact:

Erik Haugane, CEO, +47 907 21 655

Ståle Myhre, VP Investor Relations, +47 917 51 878

About OKEA

OKEA ASA is an Exploration and Production (E&P) company and operator on the

Norwegian Continental Shelf with production of ~20,000 boe per day. The company

aims to grow through low-cost field developments of discoveries with reserves up

to 100 million boe and mergers and acquisitions (M&A). The operating

organisation is built on the acquisition of the producing field Draugen in 2018.

OKEA ASA is listed on Oslo Stock Exchange under the ticker "OKEA".

More information on www.okea.no