The leading company in the development and operation of smaller fields.
Profitable growth on the Norwegian shelf - developing our common resources efficiently.
Working intensely with Hasselmus and power from shore
OKEA is now making every effort to start production from Hasselmus during 2023. This means that a plan for development and operation (PDO) must be submitted during the next year. At the same time, the work aimed at establishing power supply from shore is being stepped up. This is on the premise that both projects are profitable.
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Turnaround on Draugen successfully completed ahead of schedule
Turnaround on Draugen successfully completed ahead of schedule
Production on Draugen is started after a successfully completed turnaround. The work started on June 23, according to plan and ended July 20th, two days ahead of schedule. The…
OKEA - Acquisition of Aurora discovery from Equinor
OKEA - Acquisition of Aurora discovery from Equinor
Trondheim, 15 July - OKEA ASA (“OKEA” or the “Company”) is pleased to announce that the company has signed a Sales and Purchase Agreement (SPA) with Equinor Energy AS…
OKEA ASA second quarter results 2020
OKEA ASA second quarter results 2020
The first half of 2020 has been challenging for the entire oil industry due to the combination of the Covid-19 pandemic coupled with a dramatic fall in petroleum prices. OKEA’s…
Significant environmental gains, and saving millions
Significant environmental gains, and saving millions
OKEA has found a solution for the Draugen field which removes large quantities of hydrogen sulphide in the production stream. The solution entails a reduction in discharges of chemicals, less cleaning of hydrocyclones, less oil content in the produced water and a reduced need for modifications. This can yield annual savings of between NOK 8 million and 12 million.
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.