Japex Acquires OKEA's 20% Stake in PL1119 Licence in Norwegian Sea
Japex Norge, a subsidiary of Japan Petroleum Exploration, has agreed to acquire OKEA's 20% working interest in Production Licence 1119 (PL1119) in the Norwegian Sea for $30 million. The licence covers the Mistral South gas field and Mistral North exploration prospect, with Equinor Energy holding a 60% stake and Inpex Idemitsu Norge holding 20%. The deal is expected to finalize by Q3 2026, pending government approvals.
Topics: acquisition energy Equinor Inpex Idemitsu Norge Japex Norwegian Sea oil and gas OKEA