OKEA third quarter 2025 trading update
(Trondheim, 29 October 2025) OKEA ASA (OSE: OKEA) will publish its financial report for the third quarter of 2025 on Tuesday 4 November at 06:00 (CET). This trading update is provided to summarise production and sales volumes and related updates for the quarter.
Third quarter 2025 production and sales:
|
|
Unit |
Q3 2025 |
Q2 2025 |
|
Total operating income |
MUSD |
224 |
206 |
|
Realised crude oil price |
USD/boe |
70.6 |
68.4 |
|
Realised NGL price |
USD/boe |
40.6 |
41.2 |
|
Realised liquids price |
USD/boe |
65.3 |
63.1 |
|
Realised gas price |
USD/boe |
65.7 |
71.4 |
|
Net production |
Kboepd |
31.7 |
31.7 |
|
Third-party volumes available for sale |
Kboepd |
-0.1 |
0.0 |
|
Over/underlift/Inventory adjustments |
Kboepd |
4.7 |
1.3 |
|
Net sold volume* |
Kboepd |
36.3 |
33.0 |
|
Net sold volumes - crude oil |
Kboepd |
22.6 |
19.2 |
|
Net sold volumes - NGL |
Kboepd |
4.8 |
4.7 |
|
Net sold volumes - gas* |
Kboepd |
8.8 |
9.1 |
|
|
|
|
|
|
|
Unit |
30.09.2025 |
30.06.2025 |
|
Total cash |
MUSD |
418 |
464 |
|
Interest bearing bonds** |
MUSD |
295 |
422 |
* Includes delivered compensation volumes to Duva and Nova (tie-in to Gjøa)
** Interest bearing bonds comprise the OKEA5 (USD 125 million) and OKEA06 (USD 175 million) bonds. OKEA04 (USD 125 million) was settled in July.
Expected impairments
Non-cash impairment charges in the range of USD 130-170 million are expected recognised in the third quarter mainly as a result of reduction in estimated reserves at Statfjord area and Draugen (Hasselmus). In addition, future cost reductions at Statfjord area are considered less likely. Related post-tax impact is expected at USD 40-50 million.
The information contained in this statement is based on a preliminary assessment of the company’s financial and operational results for the third quarter 2025 and may be subject to change.
Third quarter 2025 financial report to be published on 4 November.
OKEA will release its third quarter 2025 results on Tuesday 4 November at 06:00 CET. A presentation of the results will be held on the same day through a webcast and audio conference starting 10:00 CET (OKEA Webcast Q3 2025 (royalcast.com). The presentation will be held by Svein J. Liknes (CEO) and Birte Norheim (CFO).