FilingReader Intelligence

OKEA Q2 operating income falls to $206m

July 17, 2025 at 03:25 PM UTCBy FilingReader AI

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

OSL:OKEAOslo Stock Exchange

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