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