OKEA’s Q3 report was a mixed bag. The Brage field and its satellites continue to outperform, which triggered an upgrade of the 2025 production guidance. The Bestla project also delivered another quarter of steady de-risking and remains on track for start-up in early 2027. On the negative side, Statfjord continues to underperform, leading to significant impairments that weighed on the quarter. We have made only minor estimate adjustments for 2025-26, but have implemented negative long-term change ....
05 Nov 2025
Arctic: OKEA - A quarter of pluses and minuses
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Arctic: OKEA - A quarter of pluses and minuses
- Published:
05 Nov 2025 -
Author:
Daniel Stenslet | Øyvind Hagen -
Pages:
24 -
OKEA’s Q3 report was a mixed bag. The Brage field and its satellites continue to outperform, which triggered an upgrade of the 2025 production guidance. The Bestla project also delivered another quarter of steady de-risking and remains on track for start-up in early 2027. On the negative side, Statfjord continues to underperform, leading to significant impairments that weighed on the quarter. We have made only minor estimate adjustments for 2025-26, but have implemented negative long-term change ....