"
(Numbers in brackets refers to previous quarter)
Petroleum production and sales
Sold volumes in the third quarter amounted to 16 979 (13 048) boepd. Market prices have continued to improve during the quarter which resulted in an average realised liquids price of
The full-year production guidance of 15 500 - 16 500 boepd remains unchanged.
| Unit | Q3 2021 | Q2 2021 | Q3 2020 |
Total operating income | MNOK | 1,026 | 607 | 321 |
Realised liquids price | USD/boe | 67.4 | 63.8 | 32.3 |
Realised gas price | USD/scm | 0.57 | 0.32 | 0.08 |
Net production | Boepd | 16,315 | 13,210 | 13,303 |
Net production - liquids | boepd | 11,365 | 9,715 | 9,372 |
Net production - gas | boepd | 4,950 | 3,495 | 3,931 |
Third-party volumes available for sale*** | boepd | 165 | 0 | 0 |
Over/underlift/inventory adjustments | boepd | 499 | -162 | 929 |
Net sold volume | boepd | 16,979 | 13,048 | 14,232 |
Net sold volumes - liquids | boepd | 11,966 | 9,284 | 10,166 |
Net sold volumes - gas | boepd | 5,013 | 3,764 | 4,066 |
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Cash and cash equivalents end of quarter | MNOK | 1,504 | 1,346 | 883 |
Net interest-bearing debt end of quarter | MNOK | 874 | 1,070 | 1,805 |
*Boe - barrels of oil equivalents
**Scm- standard cubic metres
***Compensation volumes from Duva received (tie-in to Gjøa) included in Net sold volumes - gas
Financial position
At the end of the quarter, cash and cash equivalents amounted to
During the quarter,
Capital expenditure guiding for 2021 of
Third quarter 2021 financial report and strategy update on
The presentation will be streamed live on the company's website www.okea.com and will be available on demand afterwards.
Disclaimer
The information contained in this statement is based on a preliminary assessment of the company's third quarter 2021 operating and financial results and may be subject to change.
For further information, please contact:
CEO
CFO
VP IR Trond Omdal, +47 915 32 578
About
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