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.
A victory for OKEA and the entire industry
The measures for the oil and gas industry, now approved by the Norwegian Parliament (Stortinget), represents a victory for OKEA, for equal treatment of companies operating on the Norwegian shelf, and for the entire industry. It constitutes an important contribution to increasing activity in the industry which is the objective of the Storting’s temporary changes to the taxation system for oil and gas companies.
Draugen continues to be the driving force
Draugen is undoubtedly the most important driving force in OKEA. The field produces approximately 20,000 barrels of oil and gas every day. Even in light of low oil prices and the coronavirus crisis, production is going at full speed.
OKEA ASA – first quarter results 2020
OKEA delivered yet another quarter with no serious incidents nor leaks for its operated asset, Draugen. Strong operational performance combined with high production regularity resulted in a total net production of 19 099 (19 498) boepd in the quarter.
Webcast Q1 2020 presentation
Webcast from todays first quarter presentation is available via the link below
OKEA ASA – Annual reports 2019
OKEA ASA (“OKEA” or the “company”) has today published the Annual Report for 2019, the 2019 Corporate Social Responsibility and Sustainability Report and the Annual Statement of Reserves and Resources for 2019.
OKEA ASA fourth quarter results
The fourth quarter marks OKEA’s first year as a production operator on the Norwegian Continental Shelf (NCS). 2019 was a year with strong operational performance and a total net production of 18 663 boepd, high production regularity, safe and efficient completion of the first operated drilling campaign, zero serious safety incidents and tangible results from projects aiming to further realise Draugen’s potential.