Okea ASA is a leading independent oil and gas company operating as a full-scale operator on the Norwegian Continental Shelf. Specializing in maximizing value from mid- and late-life assets, it focuses... Okea ASA is a leading independent oil and gas company operating as a full-scale operator on the Norwegian Continental Shelf. Specializing in maximizing value from mid- and late-life assets, it focuses on the development and production of oil and gas from mature fields such as Draugen, which it operates, along with non-operated positions in Gjoa, Ivar Aasen, and others. The majority of its revenue derives from crude oil sales, with operations spanning the North Sea and Norwegian Sea to extend asset lifetimes through efficient resource development tied to existing infrastructure. Headquartered in Trondheim, Norway, since its incorporation in 2015, Okea ASA employs 488 staff across offices in Kristiansund, Bergen, Stavanger, and Oslo. Led by CEO Svein J. Liknes, the company emphasizes a flat organizational structure, the 'One Team' philosophy, and core values of openness, engagement, responsibility, and ambition. In the energy sector's oil and gas exploration and production industry, Okea ASA plays a key role by revitalizing assets others divest, enhancing production efficiency, and pursuing exploration near established facilities while prioritizing health, safety, environment, and quality (HSEQ). Its diversified portfolio supports sustained hydrocarbon output, contributing to Norway's offshore energy landscape.
In 2024, Okea was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Turnover
0000000
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b
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c
0000000
Total Taxonomy Eligible A Turnover
0000000
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b
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c
0000000
Total Taxonomy Non-Eligible B Turnover
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a
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b
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c
0000000
Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Opex
0000000
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c
0000000
Total Taxonomy Eligible A Opex
0000000
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c
0000000
Total Taxonomy Non-Eligible B Opex
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c
0000000
Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Capex
0000000
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c
0000000
Total Taxonomy Eligible A Capex
0000000
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c
0000000
Total Taxonomy Non-Eligible B Capex
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c
0000000
Limited Data Preview
You are viewing a limited preview of Okea’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories (A1, A2, A, B, and A+B), at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind Okea’s EU Taxonomy Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Okea’s data sources below and access millions more through our Disclosure Search.
a. Okea's Integrated Report 2024
b. Okea's ESG Report 2023
c. Okea's ESG Report 2022
Insights into Okea's Revenues from Sustainable Activities
In 2024, Okea reported that 0% of its total turnover was EU Taxonomy-eligible. Of this, 0% was classified as EU Taxonomy-aligned, indicating that these revenue-generating activities substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a