OKEA fourth quarter 2025 trading update
(Trondheim, 27 January 2026) OKEA ASA (OSE: OKEA) will publish its financial report for the fourth quarter of 2025 on Tuesday 3 February at 06:00 (CET). This trading update is provided to summarise production and sales volumes and related updates for the quarter.
Fourth quarter 2025 production and sales:
|
|
Unit |
Q4 2025 |
Q3 2025 |
2025 |
|
Total operating income |
MUSD |
107 |
224 |
808 |
|
Realised crude oil price |
USD/boe |
62.1 |
70.6 |
71.7 |
|
Realised NGL price |
USD/boe |
40.9 |
40.6 |
42.3 |
|
Realised liquids price |
USD/boe |
52.4 |
65.3 |
65.5 |
|
Realised gas price |
USD/boe |
57.4 |
65.7 |
69.9 |
|
Net production |
Kboepd |
30.8 |
31.7 |
32.1 |
|
Third-party volumes available for sale |
Kboepd |
-0.1 |
-0.1 |
-0.1 |
|
Over/underlift/Inventory adjustments |
Kboepd |
-10.4 |
4.7 |
0.1 |
|
Net sold volume* |
Kboepd |
20.4 |
36.3 |
32.1 |
|
Net sold volumes - crude oil |
Kboepd |
6.1 |
22.6 |
18.1 |
|
Net sold volumes - NGL |
Kboepd |
5.0 |
4.8 |
4.8 |
|
Net sold volumes - gas* |
Kboepd |
9.3 |
8.8 |
9.3 |
|
bearing debt: |
|
|
|
|
|
|
Unit |
31.12.2025 |
30.09.2025 |
|
|
Total cash** |
MUSD |
308 |
418 |
|
|
Interest bearing bonds |
MUSD |
295 |
295 |
|
* Includes delivered compensation volumes to Duva and Nova (tie-in to Gjøa)
** Total cash including money market funds
2025 production and capex
Production for 2025 ended at 32.1 kboepd, within the guidance of 32-33 kboepd.
Capex for 2025 ended at USD 362 million, within the guidance of USD 350-380 million.
Expected impairments
Non-cash impairment charges in the range of USD 50-70 million are expected recognised in the fourth quarter mainly due to reduced forward prices. Related post-tax impact is expected at USD 15-20 million.
The information contained in this statement is based on a preliminary assessment of the company’s financial and operational results for the fourth quarter 2025 and may be subject to change.
Fourth quarter 2025 financial report to be published on 3 February.
OKEA will release its fourth quarter 2025 results on Tuesday 3 February at 06:00 CET. A presentation of the results and a Q&A session will be held on the same day through a webcast and audio conference starting 10:00 CET (OKEA Webcast Q4 2025 (royalcast.com). The presentation will be held by Svein J. Liknes (CEO) and Birte Norheim (CFO).