OKEA ASA second quarter results 2020
(WorldNews Norway)

(amounts in parentheses refer to corresponding period previous year) Trondheim 14 July - The first half of 2020 has been challenging for the entire oil industry due to the combination of the Covid-19 pandemic coupled with a dramatic fall in petroleum prices. OKEA`s financial statements for the second quarter reflects the market turmoil and are significantly impacted by the low petroleum prices as well as one-off and non-cash items. OKEA delivered yet another quarter with no serious incidents at the operated asset, Draugen, where operation has continued without disturbances to production....