OKEA ASA 2025 IR
The report highlights OKEA's performance in 2025, achieving a net production of 32.1 kboepd, which exceeded initial guidance. The company improved its safety performance, reducing its serious incident frequency (SIF) rate to 0.7. OKEA achieved exploration success with discoveries in three out of four wells drilled, including the significant Talisker West and Mistral South discoveries. Financially, the company transitioned to presenting its accounts in US dollars for the first time, reporting a net loss of USD 55 million, which was heavily impacted by impairment charges of USD 256 million. Additionally, key development projects, including the Draugen Power from Shore and Bestla tie-back projects, progressed on schedule.
Company: OKEA ASA
Sector: Energy
Country: Norway
Year: 2025
Type: IR
Pages: 250
OKEA ASA
Integrated Report
The report highlights OKEA's performance in 2025, achieving a net production of 32.1 kboepd, which exceeded initial guidance. The company improved its safety performance, reducing its serious incident frequency (SIF) rate to 0.7. OKEA achieved exploration success with discoveries in three out of four wells drilled, including the significant Talisker West and Mistral South discoveries. Financially, the company transitioned to presenting its accounts in US dollars for the first time, reporting a net loss of USD 55 million, which was heavily impacted by impairment charges of USD 256 million. Additionally, key development projects, including the Draugen Power from Shore and Bestla tie-back projects, progressed on schedule.
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Document Details
Report Year
2025
Reporting Period
Jan 1, 2025 - Dec 31, 2025
Fiscal Year
2025
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Employees