Friday 21 January 2022

OKEA ASA announces a trading update for the fourth quarter of 2021 with a production of 16 038 (16 315) barrels of oil equivalents per day (boepd), and a total operating income of NOK 1 725 (1 026) million.

(Amounts in parentheses refer to previous quarter)

’OKEA delivered another strong operational quarter with high reliability at Draugen and Gjøa’, says OKEA CEO, Svein J. Liknes. ‘High oil prices and record-high European gas prices contributed to exceptionally strong cash flow, and total revenues for the quarter were on par with the full year revenues for 2020. With the Yme field now onstream, OKEA is well positioned for further growth.’

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