OKEA will publish its financial report for the first quarter of 2026 on Wednesday 29 April at 06:00 (CEST). This trading update is provided to summarise production and sales volumes and related updates for the quarter.
Includes delivered compensation volumes to Duva and Nova (tie-in to Gjøa)
** Total cash including money market funds
Expected reversal of previous impairments
Reversal of previous impairment charges on Statfjord in the range of USD 140-170 million are expected recognised in the first quarter mainly due to increased forward prices. Related post-tax impact is expected at USD 30-37 million.
Expected hedging loss
Total operating income of USD 239 million includes unrealised hedging losses of USD 29 million. The hedging loss was a result of increased forward prices at the reporting date.
The information contained in this statement is based on a preliminary assessment of the company’s financial and operational results for the first quarter 2026 and may be subject to change.
First quarter 2026 financial report to be published on 29 April.
Source: OKEA
