(Trondheim, 22 April 2026) OKEA ASA (OSE: OKEA) will publish its financial
report for the first quarter of 2026 on Wednesday 29 April at 06:00 (CEST). This
trading update is provided to summarise production and sales volumes and related
updates for the quarter.<\/p>\n
First quarter 2026 production and sales:<\/p>\n
Unit Q1 2026 Q4 2025 Q1 2025
Total operating MUSD 239 107 271
income
Realised crude oil USD\/boe 79.5 62.1 77.7
price
Realised NGL price USD\/boe 46.4 40.9 47.0
Realised liquids USD\/boe 74.2 52.4 72.8
price
Realised gas price USD\/boe 76.5 57.4 84.4
Net production Kboepd 34.9 30.8 34.2
Third-party volumes Kboepd -0.2 -0.1 -0.2
available for sale
Over\/underlift\/Inven Kboepd 4.4 -10.4 5.0
tory adjustments
Net sold volume* Kboepd 39.1 20.4 39.1
Net sold volumes – Kboepd 23.7 6.1 24.5
crude oil
Net sold volumes – Kboepd 4.4 5.0 4.6
NGL
Net sold volumes – Kboepd 11.0 9.3 9.9
gas*<\/p>\n
Cash and interest
bearing debt:
Unit 31.03.2026 31.12.2025 31.03.2025
Total cash** MUSD 269 308 367
Interest bearing MUSD 295 295 247
bonds<\/p>\n
*\u00a0 Includes delivered compensation volumes to Duva and Nova (tie-in to Gj\u00f8a)<\/p>\n
** Total cash including money market funds<\/p>\n
Expected reversal of previous impairments<\/p>\n
Reversal of previous impairment charges on Statfjord in the range of USD 140-170
million are expected recognised in the first quarter mainly due to increased
forward prices. Related post-tax impact is expected at USD 30-37 million.<\/p>\n
Expected hedging loss<\/p>\n
Total operating income of USD 239 million includes unrealised hedging losses of
USD 29 million. The hedging loss was a result of increased forward prices at the
reporting date.<\/p>\n
The information contained in this statement is based on a preliminary assessment
of the company’s financial and operational results for the first quarter 2026
and may be subject to change.<\/p>\n
First quarter 2026 financial report to be published on 29 April.<\/p>\n
OKEA will release its first quarter 2026 results on Wednesday 29 April at 06:00
CEST. 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 CEST (OKEA Webcast
Q\u00a0(https:\/\/qcnl.tv\/p\/6GCVbu6Yh8wi2bWTscUTZA)1\u00a0(https:\/\/qcnl.tv\/p\/6GCVbu6Yh8wi2bW
T
scUTZA)202\u00a0(https:\/\/qcnl.tv\/p\/6GCVbu6Yh8wi2bWTscUTZA)6\u00a0(https:\/\/qcnl.tv\/p\/6GCVbu
6
Yh8wi2bWTscUTZA)(royalcast.com)\u00a0(https:\/\/qcnl.tv\/p\/6GCVbu6Yh8wi2bWTscUTZA). The
presentation will be held by Svein J. Liknes (CEO) and Birte Norheim (CFO).<\/p>\n
For further information, please contact:
Stig Hognestad, VP Investor Relations
stig.hognestad@okea.no
+47 902 59 040<\/p>\n
About OKEA
OKEA ASA is a leading mid- and late-life operator on the Norwegian continental
shelf (NCS). OKEA finds value where others divest and has an ambitious strategy
built on growth, value creation and capital discipline.<\/p>\n
OKEA is listed on the Oslo Stock Exchange (OSE:OKEA)<\/p>\n
More information at www.okea.no<\/p>\n","protected":false},"excerpt":{"rendered":"(Trondheim, 22 April 2026) OKEA ASA (OSE: OKEA) will publish its financialreport for the first quarter of 2026…\n","protected":false},"author":2,"featured_media":52867,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[85],"tags":[19113,25001,25002,157,156,2255],"class_list":["post-67384","post","type-post","status-publish","format-standard","has-post-thumbnail","category-oslo","tag-moicen","tag-moicen20","tag-moicen2030","tag-norway","tag-oslo","tag-regulatory"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@dk\/116457406867222835","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/67384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=67384"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/67384\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/52867"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=67384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=67384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=67384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}