Norway: OKEA expects significant operational synergies and positive cash flow effects following reorganisation of operations at the Yme field

Norway: OKEA expects significant operational synergies and positive cash flow effects following reorganisation of operations at the Yme field
01 Jun 2021
Repsol Norge, as operator of the
Yme licence, has on behalf of the license entered into agreements to take over day-to-day operations of the jack-up rig
Mærsk Inspirer from
Maersk Drilling ('MD'). According to the agreements, MD will sell Mærsk Inspirer to
Havila Sirius and the Yme licensees will lease the rig from Havila under a bareboat charter whereby the Yme licence will take ownership of the rig at the end of the lease period.  The reorganisation of operations is expected to enable operational synergies and significant positive cash flow effects for the Yme licence partners.

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