OKEA ASA (3SX)

Profile

https://okea.no

OKEA ASA is a Norway-based independent oil and gas company operating as a full-scale operator on the Norwegian Continental Shelf. Specializing in maximizing value from mid- and late-life assets, it focuses on the development and production of oil and gas, particularly from mature fields in the North Sea and Norwegian Sea. Key assets include the operated Draugen field, along with non-operated interests in Gjøa (12%), Ivar Aasen (2.77%), and Yme (15%), alongside 6 producing assets and 24 exploration licenses. The company extends asset lifetimes through exploration and development tied to existing infrastructure, emphasizing efficiency, new technologies, and a reduced operational footprint. Headquartered in Trondheim with offices in Kristiansund, Bergen, Stavanger, and Oslo, OKEA ASA employs 488 staff under CEO Svein J. Liknes. Its flat organizational structure and 'One Team' philosophy foster collaboration, guided by core values of openness, engagement, responsibility, and ambition. In the energy sector's oil and gas exploration and production industry, OKEA ASA revitalizes divested assets, enhances production efficiency, and contributes significantly to Norway's offshore hydrocarbon output.