OKEA cancels all sanctions

摘要

Due to the unprecedented combination of a global pandemic and a dramatic fall in oil prices, Norway’s OKEA will postpone all?project sanction decisions and, where possible, further cancel sanctioned plans. OKEA said that its board of directors and the management team have been working closely together over the past weeks to assess and understand the impacts of this on the business, and to put a series of mitigations in place that will ensure the company is able to withstand the cur- rent market conditions for an extended period of time.