Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
Q1 2026 OKEA quarterly report — as-built 2026-03-31 Progress: onshore facility construction complete; all large high-voltage components delivered to the Skardmyra onshore site; offshore construction activities continuing at full capacity. Equipment installation and onshore commissioning has commenced and is expected to be completed during 2026. This period: communication tests between the Draugen platform and the OKEA-owned Skardmyra onshore facility were successfully completed, validating the SCADA / control link between offshore and onshore assets. Onshore facility construction was finalised and the high-voltage equipment delivery campaign closed out, marking handover from civil works to electrical equipment installation and commissioning. Forecast: equipment installation and onshore commissioning completion targeted within 2026. Overall project completion (full power-from-shore operation on Draugen and Njord) remains scheduled for 2028 per OKEA guidance. Active scope: brownfield platform modifications on the Draugen concrete gravity-base structure (Aker Solutions EPCI, executed from Egersund yard and Trondheim project office); 123/145 kV HVAC cable system (NKT, installed Dec 2024); onshore facility at Skardmyra connecting via Tensio's transformer station at Straum, Åfjord municipality, to the regional grid. Source: OKEA ASA Q1 2026 quarterly report, published 29 April 2026 (Development projects — Draugen Power from Shore section).