Potential offtaker

Okea ASA

www.okea.no

Estimated electricity consumption

N/A

Countries of production presence

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Okea ASA is a Norwegian company that operates in the Crude Oil & Natural Gas E&P sector. The company was founded in 2015 and is headquartered in Trondheim, Norway. Okea ASA's primary focus is on exploration and production of oil and gas in the Norwegian Continental Shelf, with a particular emphasis on the Mid-Norwegian Shelf.

Okea ASA is committed to decarbonisation and has set ambitious targets to reduce its carbon footprint. The company aims to reduce its greenhouse gas emissions by 40% by 2030 and to become carbon neutral by 2050. To achieve these targets, Okea ASA is investing in renewable energy and exploring new technologies to reduce its emissions.

One of the ways Okea ASA is reducing its carbon footprint is through the use of corporate energy. Corporate energy is a term used to describe the energy generated by a company's own facilities, such as solar panels or wind turbines. By generating its own energy, Okea ASA is reducing its reliance on fossil fuels and is able to reduce its carbon footprint.

In addition to corporate energy, Okea ASA is also exploring the use of corporate power purchase agreements (PPAs). A corporate PPA is an agreement between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy at a fixed price. By entering into a corporate PPA, Okea ASA is able to support the development of renewable energy projects and reduce its carbon footprint.

Okea ASA is also investing in renewable energy projects. The company has recently acquired a 5% stake in the Guleslettene wind farm, which is located off the coast of Norway. The wind farm has a capacity of 47.5 MW and is capable of generating enough electricity to power 20,000 homes. By investing in renewable energy projects, Okea ASA is supporting the transition to a low-carbon economy and reducing its carbon footprint.

In addition to its commitment to decarbonisation, Okea ASA is also committed to responsible and sustainable operations. The company has a strong focus on safety and environmental protection and is committed to minimizing its impact on the environment. Okea ASA is also committed to working closely with local communities and stakeholders to ensure that its operations are sustainable and beneficial to the local economy.

Overall, Okea ASA is a Norwegian company that operates in the Crude Oil & Natural Gas E&P sector. The company is committed to decarbonisation and has set ambitious targets to reduce its carbon footprint. Okea ASA is investing in renewable energy and exploring new technologies to reduce its emissions. The company is also committed to responsible and sustainable operations and is working closely with local communities and stakeholders to ensure that its operations are sustainable and beneficial to the local economy.

✓ Declared Net Zero commitment