Profitable growth on the Norwegian shelf - developing our common resources efficiently.
The leading company in the development and operation of smaller fields.
Latest from OKEA
OKEA ASA: Initiation of quarterly operational updates – Q3 2021 operational income expected in the range of NOK 1 billion
OKEA ASA: Initiation of quarterly operational updates – Q3 2021 operational income expected in the range of NOK 1 billion
OKEA ASA today announces the initiation of quarterly operational updates from 15 October 2021. Following solid operational performance and high realized oil and gas prices, the…
OKEA ASA - Presentation at Sparebank 1 Markets gas market webinar
OKEA ASA - Presentation at Sparebank 1 Markets gas market webinar
OKEA ASA CEO, Svein J. Liknes, will give a presentation today on 8 September 2021 at the gas market webinar hosted by Sparebank 1 Markets. The presentation is attached to this…
OKEA ASA – Put option period ended
OKEA ASA – Put option period ended
Trondheim 5 August 2021 – Reference is made to announcement made on 5 July 2021 regarding the occurrence of a Put Option Event (as defined in the bond terms of OKEA02 (ISIN NO…
OKEA delivered net profit of NOK 200 million in the second quarter of 2021
OKEA delivered net profit of NOK 200 million in the second quarter of 2021
Operating income for the second quarter of 2021 amounted to NOK 607 million. EBITDA was NOK 311 million, and net profit after tax was NOK 200 million. Reversal of previous…
Our vision
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.
Profitable growth
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.
Research-based
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.