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Aker BP Reports Third Quarter Production and Sales Insights

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.

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