OKEA Q2 operating income falls to $206m
OKEA ASA's total operating income for Q2 2025 fell to $206 million from $271 million in Q1 2025, while net production decreased to 31.7 thousand barrels of oil equivalent per day from 34.2 thousand.
Realised crude oil prices dropped to $68.4 per barrel from $77.7 in the previous quarter. Net sold volumes declined to 33.0 thousand barrels per day from 39.1 thousand.
The company expects technical goodwill impairments of $30-35 million due to reduced forward prices. Total cash increased to $464 million by June 30.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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