Okea’s operations centre is in Kristiansund
Okea to look at M&A options
The Norwegian producer will launch a strategic review to include inorganic growth options
Norway’s Okea, which focuses on smaller fields on the Norwegian continental shelf (NCS), has initiated a strategic review to “position the firm for its next growth phase”. “That will obviously contain both organic and inorganic growth opportunities,” says the firm’s CEO, Svein Liknes. The strategy will focus on both long- and short-term value creation. “We are obviously in the same market as everyone else,” Liknes continues. “What is important, though, is that our M&A strategy will be based on the strategy refresh that we are planning in August. “That will position Okea for the future in the longer term and the M&A strategy will be a product of that. We obviously want to use our posi
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
