Second quarter 2026 production and sales:

 

Unit

Q2 2026

Q1 2026

Q2 2025

Total operating income*

MUSD

334

239

206

Realised crude oil price

USD/boe

116.9

79.5

68.4

Realised NGL price

USD/boe

55.3

46.4

41.2

Realised liquids price

USD/boe

104.2

74.2

63.1

Realised gas price

USD/boe

88.1

76.5

71.4

Net production

Kboepd

27.0

34.9

31.7

Third-party volumes available for sale

Kboepd

-0.2

-0.2

0.0

Over/underlift/Inventory adjustments

Kboepd

7.6

4.4

1.3

Net sold volume**

Kboepd

34.4

39.1

33.0

Net sold volumes – crude oil

Kboepd

20.2

23.7

19.2

Net sold volumes – NGL

Kboepd

5.3

4.4

4.7

Net sold volumes – gas**

Kboepd

9.0

11.0

9.1

Cash and interest bearing debt:

 

 

 

 

 

Unit

30.06.2026

31.03.2026

30.06.2025

Total cash***

MUSD

355

269

464

Interest bearing bonds

MUSD

296

295

422

*    Total operating income includes a net hedging gain of USD 14 million

**   Includes delivered compensation volumes to Duva and Nova (tie-in to Gjøa)

*** Total cash including money market funds

Expected impairments

As a result of reduced forward prices, impairment charges on Statfjord asset in the range of USD 80-100 million and impairment of technical goodwill on Draugen in the range of USD 5-10 million are expected recognised in the second quarter. The related post-tax impact is expected at USD 25-30 million.
 

The information contained in this statement is based on a preliminary assessment of the company’s financial and operational results for the second quarter 2026 and may be subject to change. 

Second quarter 2026 financial report to be published on 16 July.

OKEA will release its second quarter 2026 results on Thursday 16 July at 06:00 CEST. A presentation of the results and a Q&A session will be held on the same day through a webcast and audio conference starting 10:00 CEST (OKEA Webcast Q2 2026 (royalcast.com). The presentation will be held by Svein J. Liknes (CEO) and Birte Norheim (CFO).