Latest from OKEA
Gjøa P1 starts production
Operator Neptune Energy and license partners Petoro, Wintershall Dea, and OKEA today announce that production has started from the Gjøa P1 development in the Norwegian sector of…
Drilling of the Jerv exploration well (PL973) started today
Drilling operations on the Chrysaor-operated Jerv exploration well 15/12-25 commenced today 18th February. The well, in production licence PL973, targets a prospect close to…
OKEA appoints Svein J. Liknes as new CEO
Trondheim 09.02.2020 The Board of Directors of OKEA has appointed Svein J. Liknes as new CEO of OKEA. The founder and current CEO of OKEA,…
OKEA delivered net profit of NOK 182 million in the fourth quarter 2020
OKEA operating income for the fourth quarter amounted to NOK 584 million, EBITDA was NOK 229 million, and net profit after tax amounted to NOK 182 million. Earnings per share…
OKEA is a fast-growing oil producer on the Norwegian Continental Shelf. Our vision is to be a leader in safe and cost-effective field development and operation of smaller fields.
OKEA shall be the most efficient developer and operator on the Norwegian shelf. Our aim is profitable growth. OKEA takes responsibility in accordance with the objectives stipulated by the authorities. We manage and develop resources on behalf of society.
Industry leader on small fields
OKEA’s strategy is to be the leading company in the development and production of smaller fields, and to extend production from mature fields. We will utilize the best available technology to reduce CO2 emissions to the greatest extent possible. Our operations shall have the least possible impact on the environment.
Engaged in the community
OKEA is involved in our community. We supply the world with energy that is still in great demand. Large portions of our profits are returned to society. We make contributions to the local community where we operate, including support to various activities.
OKEA bases its operations on facts and research. Being based in Trondheim facilitates close cooperation with NTNU and SINTEF. We put particular emphasis on research aimed at reducing emissions in production.