22 Apr 2026

Arctic FLASH: OKEA - Strong Q1 trading update

Okea ASA (OKEA:STO), 0 | OKEA ASA (OKEA:OSL), 0

- Daniel Stenslet | Øyvind Hagen
- 10 pages

Net production 34.9 kboepd (vs. ARCe 32.4 kboepd) | 12% overliftAverage realised price ~2% above ARCeAdjusted for unrealized heading losses, OKEA will report a Q1 revenue of USD 268m (+22% vs. ARCe)Cash position at end-Q1 of USD 269m (vs. ARCe USD 296m), likely explained by meaningful WC build in the quarterReversal of previous impairment charges on Statfjord in the range of USD 140-170m (pre-tax)

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Arctic FLASH: OKEA - Strong Q1 trading update

Okea ASA (OKEA:STO), 0 | OKEA ASA (OKEA:OSL), 0

Published: 22 Apr 2026
Author: Daniel Stenslet | Øyvind Hagen
Pages: 10

Net production 34.9 kboepd (vs. ARCe 32.4 kboepd) | 12% overliftAverage realised price ~2% above ARCeAdjusted for unrealized heading losses, OKEA will report a Q1 revenue of USD 268m (+22% vs. ARCe)Cash position at end-Q1 of USD 269m (vs. ARCe USD 296m), likely explained by meaningful WC build in the quarterReversal of previous impairment charges on Statfjord in the range of USD 140-170m (pre-tax)