OKEA Management
Management criteria checks 2/4
OKEA's CEO is Svein Liknes, appointed in Jun 2021, has a tenure of 5.17 years. total yearly compensation is $1.34M, comprised of 49.9% salary and 50.1% bonuses, including company stock and options. directly owns 0.23% of the company’s shares, worth NOK9.42M. The average tenure of the management team and the board of directors is 5.8 years and 3.3 years respectively.
Key information
Svein Liknes
Chief executive officer
US$1.3m
Total compensation
| CEO salary percentage | 49.85% |
| CEO tenure | 5.2yrs |
| CEO ownership | 0.2% |
| Management average tenure | 5.8yrs |
| Board average tenure | 3.3yrs |
Recent management updates
Recent updates
OKEA: Higher Production Outlook Will Offset Forthcoming Asset Impairments
Analysts have lifted their price target for OKEA from NOK 28 to NOK 51, citing updates to their models that now reflect a lower discount rate, positive revenue growth of 6.74%, a higher profit margin of 12.61% and a reduced future P/E estimate of 4.85x. What's in the News for OKEA OKEA issued updated production guidance for 2026, narrowing its estimate to 29 to 32 kboepd from a previous range of 31 to 35 kboepd, and raised its 2027 production estimate to 39 to 43 kboepd from 37 to 41 kboepd.
OKEA: Higher Production Guidance Will Offset Upcoming Impairment Charges
Analysts have raised their price target for OKEA from NOK 20.0 to NOK 40.0, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News for OKEA OKEA issued impairment guidance for the second quarter of 2026, indicating expected impairment charges on the Statfjord asset in the range of US$80 million to US$100 million and impairment of technical goodwill on Draugen in the range of US$5 million to US$10 million, with a related post tax impact expected at US$25 million to US$30 million.
OKEA: Higher Production Guidance And Improved Margins Will Drive Repricing
Analysts have lifted their price target for OKEA from NOK 24.00 to NOK 47.40, citing updated assumptions for revenue growth, profit margins and future P/E levels as key drivers behind the new fair value estimate. What’s in the News for OKEA OKEA reiterated its production guidance for 2026 at 31 to 35 kboepd, according to company guidance.OKEA ASA (OB:OKEA) Just Reported And Analysts Have Been Lifting Their Price Targets
Shareholders of OKEA ASA ( OB:OKEA ) will be pleased this week, given that the stock price is up 12% to kr25.95...Improved Revenues Required Before OKEA ASA (OB:OKEA) Shares Find Their Feet
OKEA ASA's ( OB:OKEA ) price-to-sales (or "P/S") ratio of 0.2x may look like a pretty appealing investment opportunity...OKEA ASA's (OB:OKEA) Shares Lagging The Industry But So Is The Business
When you see that almost half of the companies in the Oil and Gas industry in Norway have price-to-sales ratios (or...OKEA's (OB:OKEA) Solid Earnings Are Supported By Other Strong Factors
Even though OKEA ASA ( OB:OKEA ) posted strong earnings, investors appeared to be underwhelmed. We did some digging and...Lacklustre Performance Is Driving OKEA ASA's (OB:OKEA) Low P/S
When close to half the companies operating in the Oil and Gas industry in Norway have price-to-sales ratios (or "P/S...OKEA (OB:OKEA) Has A Somewhat Strained Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Earnings Miss: OKEA ASA Missed EPS By 43% And Analysts Are Revising Their Forecasts
It's been a good week for OKEA ASA ( OB:OKEA ) shareholders, because the company has just released its latest...OKEA ASA (OB:OKEA) Shares Could Be 42% Below Their Intrinsic Value Estimate
Key Insights Using the Dividend Discount Model, OKEA fair value estimate is kr38.14 OKEA is estimated to be 42...Need To Know: Analysts Just Made A Substantial Cut To Their OKEA ASA (OB:OKEA) Estimates
One thing we could say about the analysts on OKEA ASA ( OB:OKEA ) - they aren't optimistic, having just made a major...Why Investors Shouldn't Be Surprised By OKEA ASA's (OB:OKEA) Low P/E
OKEA ASA's ( OB:OKEA ) price-to-earnings (or "P/E") ratio of 3.7x might make it look like a strong buy right now...Does OKEA (OB:OKEA) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Does OKEA (OB:OKEA) Deserve A Spot On Your Watchlist?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2026 | n/a | n/a | -US$5m |
| Mar 31 2026 | n/a | n/a | -US$40m |
| Dec 31 2025 | US$1m | US$668k | -US$55m |
| Sep 30 2025 | n/a | n/a | -US$31m |
| Jun 30 2025 | n/a | n/a | US$32m |
| Mar 31 2025 | n/a | n/a | US$62m |
| Dec 31 2024 | US$990k | US$560k | US$36m |
| Sep 30 2024 | n/a | n/a | -US$91m |
| Jun 30 2024 | n/a | n/a | -US$112m |
| Mar 31 2024 | n/a | n/a | -US$112m |
| Dec 31 2023 | US$854k | US$552k | -US$92m |
| Sep 30 2023 | n/a | n/a | US$61m |
| Jun 30 2023 | n/a | n/a | US$67m |
| Mar 31 2023 | n/a | n/a | US$65m |
| Dec 31 2022 | US$963k | US$465k | US$68m |
| Sep 30 2022 | n/a | n/a | US$58m |
| Jun 30 2022 | n/a | n/a | US$63m |
| Mar 31 2022 | n/a | n/a | US$90m |
| Dec 31 2021 | US$753k | US$266k | US$68m |
Compensation vs Market: Svein's total compensation ($USD1.34M) is above average for companies of similar size in the Norwegian market ($USD601.81K).
Compensation vs Earnings: Svein's compensation has increased whilst the company is unprofitable.
CEO
Svein Liknes (54 yo)
Mr. Svein Jacob Liknes has been Chief Executive Officer at OKEA ASA since June 01, 2021. Mr. Liknes was Senior Vice President, Operations and Asset Development until May 2019 and served as its Interim Head...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 5.2yrs | US$1.34m | 0.23% NOK 9.4m | |
| Chief Financial Officer | 6.4yrs | US$797.45k | 0.18% NOK 7.5m | |
| Senior Vice President of Operations | no data | US$533.65k | 0.11% NOK 4.7m | |
| SVP of Projects | no data | US$470.85k | 0.023% NOK 959.5k | |
| Vice President of Legal | 6.6yrs | US$339.89k | 0.12% NOK 5.2m | |
| Senior Vice President of Subsurface | 2.9yrs | US$440.00k | 0.084% NOK 3.5m | |
| Senior Vice President of Special Projects | no data | US$473.23k | 0.20% NOK 8.5m | |
| Senior Vice President of Corporate Services | 4.2yrs | US$445.25k | 0.18% NOK 7.4m | |
| Senior Vice President of Strategy | 6.8yrs | US$636.83k | 0.26% NOK 10.7m | |
| SVP of Performance & Partner Operated assets | no data | US$277.99k | 0.00021% NOK 8.8k | |
| Vice President of Investor Relations | no data | no data | no data | |
| Vice President of Drilling & Wells | no data | US$264.87k | no data |
Experienced Management: OKEA's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Non-Executive Director | 3.3yrs | US$91.97k | 0.012% NOK 507.5k | |
| Independent Non-executive Director | 7.3yrs | US$76.99k | 0.031% NOK 1.3m | |
| Director | 1.3yrs | US$53.77k | 0.0040% NOK 168.8k | |
| Non-executive Chairman of the Board | 7.3yrs | US$92.96k | 0.068% NOK 2.8m | |
| Independent Non-executive Director | 7.3yrs | US$79.47k | 0.031% NOK 1.3m | |
| Non-executive Director | 3.3yrs | US$73.42k | 0.0096% NOK 401.0k | |
| Non-Executive Vice Chair of the Board | 7.8yrs | US$83.14k | 0.031% NOK 1.3m | |
| Employee Representative Director | 3.3yrs | US$41.57k | 0.11% NOK 4.7m | |
| Independent Non-Executive Director | 3.3yrs | US$67.86k | 0.0096% NOK 401.0k | |
| Employee Representative Director | 3.3yrs | US$42.66k | 0.049% NOK 2.1m | |
| Director | 1.3yrs | US$40.68k | 0.038% NOK 1.6m | |
| Deputy Director | no data | no data | 0.0038% NOK 160.0k |
Experienced Board: OKEA's board of directors are considered experienced (3.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/20 08:51 |
| End of Day Share Price | 2026/08/20 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
OKEA ASA is covered by 5 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Vidar Lyngvær | Danske Bank |
| Steffen Evjen | DNB Carnegie |