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OKEA ASA ( (DE:3SX) ) has issued an update.
OKEA ASA reported a decrease in operating income and EBITDA in the second quarter of 2025 compared to the previous quarter, with a net cash position of USD 42 million. Despite lower production due to drilling delays, the company has sanctioned new wells, expecting a production increase of 5,000 boepd next year. The updated guidance reflects a narrowed production range for 2025 and an increase for 2026, with capital expenditure guidance also adjusted due to new well developments.
More about OKEA ASA
OKEA ASA is a leading mid- and late-life operator on the Norwegian continental shelf (NCS), focusing on finding value where others divest. The company is committed to growth, value creation, and capital discipline, and is listed on the Oslo Stock Exchange.
Average Trading Volume: 236,091
Current Market Cap: NOK1.82B
Learn more about 3SX stock on TipRanks’ Stock Analysis page.