OKEA ASA

Earnings Release • Nov 23, 2020

OKEA ASA appoints Trond Omdal as VP Investor Relations

OKEA ASA appoints Trond Omdal as VP Investor Relations

OKEA ASA appoints Trond Omdal as VP Investor Relations

OKEA ASA has appointed Trond Omdal as new VP Investor Relations. Mr Omdal has

extensive experience from equity research and petroleum market analysis,

management consulting and investment banking. He most recently worked as

portfolio manager for a specialised global energy mandate for Pensum Asset

Management. Mr Omdal also has extensive experience from the petroleum industry

from various commercial and planning roles for ConocoPhillips and Equinor.

"We are very pleased to get Trond Omdal to join the OKEA team", says CEO Erik

Haugane in a comment. He continues, "we believe Mr Omdal's wide-ranged

experience from the petroleum industry and from various capacities in financial

markets will strengthen the Company's Investor Relations capacity further".

Mr. Omdal will commence his role on 1. January 2021 and will be reporting to

CFO, Birte Norheim. Current VP Investor Relations, Ståle Myhre, will transfer

into a new position managing internal business improvement and strategic

contractor relations, reporting to SVP Business Performance, Dag Eggan.

For further info please contact:

CEO, Erik Haugane, +47 907 21 655

CFO, Birte Norheim, +47 952 93 321

About OKEA

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

on the NCS with a current production of ~15000 boepd. OKEA targets profitable

production growth within the current portfolio combined with an opportunistic

approach to M&A.

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

information on www.okea.no