Titled Underground, the action revolves around two detectives who are investigating a wave of missing person cases in New York. Their search leads them deep into the city’s underground, where they discover a secret that should never see the light of day.
Øie’s last film, Villmark Asylum, was nominated for three Amanda Awards last year.
Underground will star Ben Kingsley, Peter Franzen and Carly Chaikin.
The film will be at the Cannes Market with EuropaCorp behind it.