OKEA ASA - Third quarter 2023 financial results
(Trondheim, 26 October 2023) - OKEA ASA (OSE: OKEA) delivered operating income of NOK 2,105 (1,707) million and EBITDA of NOK 1,336 (1,167) million in the third quarter of 2023. Net profit after tax amounted to NOK 32 (69) million.(Amounts in parentheses refer to previous quarter) “Production performance in the quarter was good, particularly on our operated assets. In combination with increased liquids prices, this resulted in solid total operating income and EBITDA. However, the reduction in reserve estimates for the Yme field caused an impairment of NOK 475 million which reduced net