OKEA third quarter 2026 trading update
Key Highlights
- ➤Total operating income $332M, versus $334M in Q2 and $224M in Q3 2025
- ➤Net production 29.1 Kboepd, up from 27.0 Kboepd in Q2
- ➤Expected Statfjord impairment charges of $25–40M, with $6–9M post-tax impact
- ➤$23M in Alpehumle and Prince exploration costs expensed; $5M post-tax impact
- ➤Total cash $476M, up from $355M at June 30, 2026
Expert Statements
Svein J. Liknes, CEO of OKEA
“The presentation will be held by Svein J. Liknes (CEO) and Birte Norheim (CFO).”
Birte Norheim, CFO of OKEA
“The presentation will be held by Svein J. Liknes (CEO) and Birte Norheim (CFO).”
OKEA (Trondheim, 27 October 2026) OKEA ASA (OSE: OKEA) will publish its financial report for the third quarter of 2026 on Tuesday 3 November at 06:00 (CET). This trading update is provided to summarise production and sales volumes and related updates for the quarter.
Unit Q3 2026 Q2 2026 Q3 2025 Total operating income* MUSD 332 334 224 Realised crude oil price USD/boe 96.6 116.9 70.6 Realised NGL price USD/boe 58.4 55.3 40.6 Realised liquids price USD/boe 94.6 104.2 65.3 Realised gas price USD/boe 121.3 88.1 65.7 Net production Kboepd 29.1 27.0 31.7 Third-party volumes available for sale Kboepd -0.5 -0.2 -0.1 Over/underlift/Inventory adjustments Kboepd 4.9 7.6 4.7 Net sold volume** Kboepd 33.4 34.4 36.3 Net sold volumes - crude oil Kboepd 22.3 20.2 22.6 Net sold volumes - NGL Kboepd 1.2 5.3 4.8 Net sold volumes - gas** Kboepd 10.0 9.0 8.8 Cash and interest bearing debt: Unit 30.09.2026 30.06.2026 30.09.2025 Total cash*** MUSD 476 355 418 Interest bearing bonds MUSD 296 296 295 * Total operating income includes a gain on sale of the Mistral discovery of USD 28 million and a net hedging loss of USD 20 million
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