OSLO, NORWAY: OKEA ASA delivered net profit of NOK 182 million in the fourth quarter 2020. OKEA operating income for the fourth quarter amounted to NOK 584 million, EBITDA was NOK 229 million, and net profit after tax amounted to NOK 182 million. Earnings per share amounted to NOK 1.78. The solid results for the…
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OKEA ASA portfolio expands through six licence awards in APA 2020
TRONDHEIM, NORWAY: OKEA ASA has been awarded six new production licences on the Norwegian Continental Shelf by the Ministry of Petroleum and Energy under the Award in Pre-Defined Areas (APA) for 2020. The awarded licences include exploration and field development opportunities near the important Draugen and Gjøa production hubs as well as other new areas.…
OKEA ASA acquires 40 percent operating interest in Vette discovery
TRONDHEIM, NORWAY: OKEA ASA has signed a Sales and Purchase Agreement (SPA) with Repsol Norge AS for the acquisition of Repsol’s 40% operated working interest in PL 972, which includes the Vette oil discovery, with effective date 1 January 2021. The Vette discovery (Block 17/12) is located at a water depth of about 110 metres…
OKEA ASA
OKEA ASA (FRA: 3SX) is an independent Exploration and Production (E&P) company and operator on the NCS with a current production of 15 000 boepd. OKEA targets profitable production growth within the current portfolio combined with an opportunistic approach to M&A. OKEA ASA (FRA: 3SX) is listed on the Oslo Stock Exchange under the ticker…