Aker BP Reports Third Quarter Production and Sales Insights
Aker BP's Third Quarter Trading Update
Aker BP (OSE: AKRBP) is set to publish its third quarter report for 2024 on a forthcoming Wednesday. In the lead-up to this, the company has shared some preliminary insights regarding its production and sales performance during the quarter.
Production and Sales Overview
In the recent quarter, Aker BP recorded an equity production average of 414.7 thousand barrels of oil equivalent per day (mboepd). This figure is a decrease from the previous quarter, reflecting planned maintenance activities across several fields, which went ahead as scheduled. The company reported a net volume sold of 391.3 mboepd, which was influenced by an underlift situation.
Detailed Production Figures
Here is a breakdown of the production and sales figures for the quarter:
- Net Production: 414.7 mboepd (down from 444.1 mboepd in Q2-24)
- Overlift/(Underlift): (23.4 mboepd), compared to an overheard figure of 16.7 mboepd in the preceding quarter.
- Net Volume Sold: 391.3 mboepd (down from 460.9 mboepd in Q2-24).
- Liquids: The volume of liquids sold reached 345.0 mboepd, down from 398.2 mboepd in the previous quarter.
- Natural Gas: Natural gas production was measured at 46.4 mboepd, decreased from 62.7 mboepd in Q2-24.
Realized Prices
Aker BP also provided an overview of realized prices for the quarter:
- Liquids Price: $80.3 per barrel in Q3-24, slightly decreased from $83.1 per barrel in Q2-24.
- Natural Gas Price: $63.5 per MMBtu, up from $57.2 in the previous quarter.
Upcoming Reporting Date
The complete report for the third quarter is scheduled for release on Wednesday at 06:00 CET. Following the release, Aker BP management will hold a presentation at 08:30 CET via a webcast, offering detailed insights into the results. This event will also feature a question-and-answer segment.
Company Contacts
For inquiries regarding this update, interested parties can reach:
- Kjetil Bakken, Head of IR, phone: +47 918 89 889
- Carl Christian Bachke, IR Officer, phone: +47 909 80 848
- Martin Seland Simensen, IR Officer, phone: +47 416 92 087
Frequently Asked Questions
What is the net production reported by Aker BP for Q3 2024?
Aker BP reported a net production of 414.7 mboepd for the third quarter of 2024.
When will Aker BP release its full Q3 report?
The full report for the third quarter of 2024 will be released on Wednesday at 06:00 CET.
What caused the decrease in production compared to Q2 2024?
The decrease in production was primarily due to planned maintenance activities at multiple fields.
What price did Aker BP realize for liquids in Q3 2024?
The realized price for liquids was $80.3 per barrel in Q3 2024.
Who can be contacted for more information about Aker BP?
Kjetil Bakken, Head of IR, can be reached at +47 918 89 889 for more information.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Unlocking AI Potential: Insights from Netcracker CEO Andrew Feinberg
- Exploring UXUY: Innovations in Telegram's Crypto Landscape
- WM Technology Faces Nasdaq Challenges: Key Updates and Future Plans
- MRC Global's Leadership Changes and Financial Growth Ahead
- Understanding the Importance of Risk Management in Finance
- Major Gold Miners Poised for Record-Setting Quarter Ahead
- FPT Software Launches Global Campaign for Community and Environment
- Understanding Inventiva's Latest Half-Year Report and Future Plans
- ChromaDex's Leadership Changes and Growth Strategies Unveiled
- Navigating the Financial Landscape: Market Patterns and Risks
Recent Articles
- Carisma Therapeutics Navigates Challenges in Nasdaq Listing Status
- Kura Oncology Faces Market Challenges Amid Delayed Drug Launch
- SentinelOne Receives Bullish Upgrade Boosting Growth Prospects
- Adecoagro's Steady Performance: A Balanced Outlook for Investors
- Wrap Technologies' 2024 Shareholder Meeting Proposals Deadline
- Understanding the ECB's Potential Rate Moves: Key Insights
- Analyzing Freeport-McMoRan's Growth Amid Rising Copper Demand
- Unifiedpost Group Shares Plan for Loan Repayment with Partners
- Arcadis Executes Share Buyback Amidst Continuous Growth
- DNO ASA Raises Stake and Sales Growth Ahead of Earnings Call
- VEON's Strategic Shift to Dubai: A New Era for the Company
- Breakthrough Study Shows Evrysdi's Efficacy in Treating SMA
- Genentech's Evrysdi Shows Positive Results in SMA Treatment
- Innate Pharma Welcomes Jonathan Dickinson as New CEO
- Enhancing Collaboration: Lenovo's ThinkSmart Core Gen 2 Launch
- VEON Relocates Headquarters to Dubai for Growth and Innovation
- DriveNets Strengthens Partnerships to Boost Indian Market Reach
- Discover the New Oasis of Relaxation at Banyan Tree Spa Dubai
- DriveNets Strengthens Collaboration with New Partners in India
- Pathlock Forms Alliance with Gulf IT for Enhanced Security
- Daimler Truck MEA Expands Regional Operations to 59 Markets
- Akoustis Technologies Faces Challenges with Nasdaq Compliance
- Leadership Changes and Strategic Moves at NRx Pharmaceuticals
- NanoVibronix Navigates Nasdaq Listing Challenges Ahead
- JPMorgan Predicts Strong Growth for Larsen & Toubro Stock
- Chinese Market Resilience Despite Economic Challenges
- Exploring Investment Opportunities with New York Community Bancorp
- Brian Armstrong Seeks Insights on Elon Musk's Productivity Hacks
- SpaceX's Journey: From Dismissal to Dominance in Space
- AEON and TRON Join Forces to Revolutionize Crypto Payments
- Leadership Transition at BrightSpring Health: What It Means for Investors
- U.S. GoldMining Inc. Reports Promising Financial Insights
- Sphere 3D Corp Faces Challenges with Nasdaq Compliance
- SBA Communications Raises $2.07 Billion Through Tower Securities
- Brookfield Infrastructure's New Agreement Signals Growth Potential
- Zapata Computing Faces Major Operational and Financial Setbacks
- reAlpha Tech Corp. Strengthens Executive Team Amid Changes
- Evaluating China's Recent Stimulus Measures and Market Reactions
- Future of the Spray Painting Machine Market by 2033
- Resecurity and emt Distribution META Join Forces for Cybersecurity
- HGC Strengthens Telecommunications in Southeast Asia and Beyond
- Gold Steady, Copper Declines Amid China's Stimulus Uncertainty
- Sinopec's Milestones in High-Quality Development
- Guidewire's Growth Potential Sparks Positive Analyst Ratings
- Novotech Stands Out with Coveted Global Company Award
- Apple's Stock Forecast Boosted by Strong iPhone 16 Demand
- Nova Lifestyle's Strategic Inventory Purchase Boosts Value
- Paychex Annual Meeting: Board Re-election and Financial Insights
- Glaukos Corporation Moves Forward with Strategic Redemption
- CEO Francis Kavanaugh Strengthens Commitment to MDRR