Okea Eyes Listing by Mid-2019

Tuesday, May 7, 2019

Norwegian oil company Okea AS said on Tuesday it was planning an initial public offering by mid-2019, in a bid to raise funds to finance further expansions.

The company, which is partly owned by Thailand's Bangchak Corporation and private equity firm Seacrest Capital, had previously said the IPO was expected some time in 2019.

The company produced around 19,500 barrels of oil equivalents per day (boed) in the first quarter of 2019, compared with just 369 boed in the year-ago period, boosted by an acquisition, it said in a statement on Tuesday.

Okea was co-founded by former Norwegian Oil Minister Ola Borten Moe in 2015 and last year it bought stakes in two Norwegian fields from Shell. 


(Reporting by Terje Solsvik; Editing by Rashmi Aich)

Categories: Finance Industry News Europe Oil

Related Stories

JERA Takes Delivery of First LNG Cargo from Australia's Barossa Gas Project

Oil Falls More Than 2% as US-Iran Tensions Ease

Capricorn Energy Grants Third Extension for Potential Takeover Offer

BP to Boost Azerbaijan Portfolio with Babek Gas Field Operatorship Takeover

Yinson Production, PTSC Raise Over $130M for Vietnam’s Block B FSO

Oil Climbs Above $110 After Gulf Drone Attacks Raise Supply Fears

Global Oil Supply to Fall Short of Demand as Iran War Goes On, IEA Says

Lloyd’s Register Approves Wison’s Internal Turret FPSO Concept

Oil Flows to Lag Even if Hormuz Strait Reopens

TotalEnergies Eyes Black Sea Exploration with Türkiye’s TPAO

Current News

JERA Takes Delivery of First LNG Cargo from Australia's Barossa Gas Project

Inpex’s Ichthys LNG Strike Persists as Fair Work Hearing Gets Postponed

Oil Falls More Than 2% as US-Iran Tensions Ease

TGS Books 3D Streamer Seismic Job in Africa and Middle East region

Hormuz Reopening Could Trigger OPEC’s Next Big Challenge

EnQuest to Buy Malaysia Offshore Interests in $833M Deal

Oil Holds Steady as Markets Assess Renewed US-Iran Hostilities

ADNOC Looks to Canada for Upstream and LNG Growth Through XRG

Petronas Signs 20-Year LNG Supply Deal with Japan's JERA

Oil Prices Slide as Israel-Iran Suspend Strikes

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com