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
Yme first oil – a key milestone for OKEA
Yme first oil – a key milestone for OKEA
(Oslo, 25 October 2021) OKEA ASA (OKEA, OSE: OKEA) announces that the operator Repsol today has confirmed that together with its partners OKEA, Lotos and KUFPEC they have…
OKEA third quarter 2021 trading update
OKEA third quarter 2021 trading update
Oslo, 15 October 2021) OKEA ASA (OKEA: OSE: OKEA) today announces a trading update for the third quarter of 2021 with a production of 16 315 barrels of oil equivalents per day…
OKEA decides to halt further development of Vette discovery due to insufficient financial robustness
OKEA decides to halt further development of Vette discovery due to insufficient financial robustness
OKEA, as operator of the Vette licence (40% Working Interest (WI)), has decided to propose to the licence partners not to develop the Vette…
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…
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.