OKEA AS
About
OKEA is a fast-growing oil and gas producer operating on the Norwegian Continental Shelf (NCS) aiming to bring undeveloped discoveries with less than 100 million boe in reserves into production. We are a trusted partner on a local, regional and national level with a clear ambition to create value for owners, employees and society as a whole.
Our overall vision is to be the leading company on the NCS in terms of delivering safe and cost-effective field developments and operational excellence, while maintaining a competent organization with direct management engagement in all of our projects.
OKEA was established in June 2015 and founded with capital contributions from the active E&P manager Seacrest Capital Group, and the four founding members of management.
OKEA consists of a strong management team coupled with a tier-one operator organization of more than 200 employees ensuring operational excellence. The NOK 4.5 billion acquisition of interests in Draugen and Gjøa in 2018 transformed OKEA from an E&P start-up to an established player.
Our head office is based in Trondheim and includes most of our management functions. Our offshore operational center for existing and future OKEA-operated fields is based in Kristiansund.
Editor's note: Updated June 18, 2019.
Transactions
Shell Sells $1.3 Billion Of Assets In Norway, Malaysia
Shell Sells $1.3 Billion Of Assets In Norway, Malaysia
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News
OKEA Fast-tracking North Sea’s Brasse Tieback to Brage
OKEA expects first production in 2027 and has signed contracts with Aker Solutions, Subsea7 and OneSubsea.
Ministry Offers 62 Licenses Offshore Norway in APA 2023
Sixteen of the new awards from the Norwegian Offshore Directorate add acreage to existing production licenses.
E&P Highlights: Jan. 8, 2024
Here’s a roundup of the latest E&P headlines including the second biggest deepwater gas find of 2023 and new contract awards.
OKEA’s Hasselmus Subsea Tieback Begins Production in Norwegian Sea
The Hasselmus discovery is OKEA’s first operated project and will produce gas to tie back to the Draugen platform 7 km away.
Equinor Brings Statfjord Øst Expansion Online
The subsea tieback project to the Statfjord C platform in the North Sea expected to increase production in the mature field by 26 MMboe.
E&P Highlights: Aug. 14, 2023
Here’s a roundup of the latest E&P headlines including plans the Brasse tieback on the Norwegian Continental Shelf and several contract announcements.
E&P Highlights: March 20, 2023
Here’s a roundup of the latest E&P headlines, including a Black Sea discovery and new contract awards in the upstream oil and gas industry.
Norway Awards Nearly Four Dozen Offshore Permits
Equinor scooped up more than half the licenses awarded.
E&P Highlights: Dec. 30, 2022
Here’s a roundup of the latest E&P headlines, including a field start up and a well drilled to a basin with record depth from the past week in the upstream oil and gas industry.
OKEA, Equinor Plan to Electrify Norwegian Sea Platforms
The project will reduce CO2 emissions by 330,000 tonnes per year when complete in 2027.
Neptune Energy, Partners Crank Up Gjøa P1 in North Sea
Neptune said the Gjøa Field is now expected to produce more than 100 million barrels of oil equivalent over 2010 production estimates.
Okea CEO Sees Foreign Oil Majors Leaving Norway’s Offshore In A Decade
Exxon Mobil, Chevron and BP have already sold their offshore assets in Norway and Okea CEO Erik Haugane told Reuters that Equinor will soon be the only oil major left.