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OKEA ASA ( (DE:3SX) ) just unveiled an update.
OKEA ASA closed 2025 with full-year production of 32.1 kboepd and capital expenditure of USD 362 million, both within guidance, but reported a fourth-quarter net loss of USD 18 million as significant underlift, higher maintenance-related costs and asset impairments weighed on earnings and reduced its net cash position to USD 13 million. Despite lower quarterly operating income and profitability, the company highlighted stable underlying operations, successful project execution on operated assets and introduced 2027 guidance that points to a more than 20% increase in production and nearly 30% lower capex versus 2025, driven by the planned start-up and completion of the Bestla development, underscoring OKEA’s efforts to extend field lives and strengthen its longer-term production profile on the Norwegian continental shelf.
More about OKEA ASA
OKEA ASA is a listed Norwegian oil and gas company focused on mid- and late-life assets on the Norwegian continental shelf, pursuing value where larger players divest and executing a strategy centred on production growth, value creation and strict capital discipline.
Average Trading Volume: 307,336
Current Market Cap: NOK2.44B
See more data about 3SX stock on TipRanks’ Stock Analysis page.