Notification order from the Petroleum Safety Authority
OKEA has received a notification order from the Petroleum Safety Authority (PSA) following an audit in September. The notification order relates to issues already incorporated in…
Gjøa - 10 years of production
OKEA is a proud partner in the Gjøa license. This week the Gjøa platform is celebrating 10 years of production. https://vimeo.com/473405540/75dce564aa
Timpani roll for Calypso
The farm-in to Calypso is a good example of OKEA's strategy. We are looking for new resources close to our driving-force Draugen.
OKEA third quarter results 2020
(amounts in parentheses refer to corresponding period previous year) OKEA delivered yet another quarter with no serious incidents at the operated asset Draugen. Despite high…
The presentation of OKEA's third quarter 2020 can be follow here https://channel.royalcast.com/webcast/hegnarmedia/20201028_1
Acquisition into the Calypso prospect near Draugen
Company has today signed a Sales and Purchase Agreement with Neptune Energy Norge AS for the acquisition of a 30% working interest in PL938 which include the Calypso prospect.…
Seeing the light from Aurora
Aurora is a perfect project for OKEA. It represents the core of our business model, namely development small and medium-sized fields and it is in an area where we already are present. It is one of several good projects we now have in our portfolio.
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…
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.
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
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
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.