Global investment firm Seacrest Capital Group has partnered with OKEA AS, a new oil and gas development and production company that is headquartered in Trondheim, Norway. OKEA will focus on developing discovered oil and gas fields on the Norwegian Continental Shelf, and Seacrest will initially invest up to $200 million in OKEA.
OKEA is led by Erik Haugane, an industry veteran with more than 30 years of experience in the sector, and Ola Borten Moe, the former Norway Minister for Petroleum and Energy. OKEA’s management team also includes Anton Tronstad and Knut Evensen, who have a long history of working with Haugane at Det norske oljeselskap, which was co-founded by Haugane and Tronstad. At Det norske, Tronstad held the position of senior vice president of drilling, while Evensen was vice president of business development and interim CFO.
Haugane and his team will work alongside Seacrest to identify investment opportunities in the Norwegian Continental Shelf area.