Third quarter 2025 production and sales:

 

Unit

Q3 2025

Q2 2025
Total operating income

MUSD

224

206
Realised crude oil price

USD/boe

70.6

68.4
Realised NGL price

USD/boe

40.6

41.2
Realised liquids price

USD/boe

65.3

63.1
Realised gas price

USD/boe

65.7

71.4
Net production

Kboepd

31.7

31.7
Third-party volumes available for sale

Kboepd

-0.1

0.0
Over/underlift/Inventory adjustments

Kboepd

4.7

1.3
Net sold volume*

Kboepd

36.3

33.0
Net sold volumes – crude oil

Kboepd

22.6

19.2
Net sold volumes – NGL

Kboepd

4.8

4.7
Net sold volumes – gas*

Kboepd

8.8

9.1
 

Unit

30.09.2025

30.06.2025
Total cash

MUSD

418

464
Interest bearing bonds**

MUSD

295

422

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

** Interest bearing bonds comprise the OKEA5 (USD 125 million) and OKEA06 (USD 175 million) bonds. OKEA04 (USD 125 million) was settled in July.

Expected impairments

Non-cash impairment charges in the range of USD 130-170 million are expected recognised in the third quarter mainly as a result of reduction in estimated reserves at Statfjord area and Draugen (Hasselmus). In addition, future cost reductions at Statfjord area are considered less likely. Related post-tax impact is expected at USD 40-50 million.

The information contained in this statement is based on a preliminary assessment of the company’s financial and operational results for the third quarter 2025 and may be subject to change.

 

Third quarter 2025 financial report to be published on 4 November.

OKEA will release its third quarter 2025 results on Tuesday 4 November at 06:00 CET. A presentation of the results will be held on the same day through a webcast and audio conference starting 10:00 CET (OKEA Webcast Q3 2025 (royalcast.com). The presentation will be held by Svein J. Liknes (CEO) and Birte Norheim (CFO).