Aker BP's Q3 2024 Trading Update: Key Insights on Production
Aker BP's Latest Trading Update
Aker BP, also listed as AKRBP, has recently shared its preliminary production and sales figures, revealing important insights into its operations for the current quarter. The details provided showcase the company's performance and adjustments influenced by scheduled maintenance across its fields.
Production and Sales Overview
In the latest quarter, Aker BP's equity production averaged an impressive 414.7 thousand barrels of oil equivalent per day (mboepd). This figure reflects a slight decrease compared to the previous quarter, primarily attributed to the planned maintenance activities undertaken at various fields. These factors are crucial as they impact overall output and revenue potential.
Comparative Production Figures
The company's net production reflects a contrast with the previous quarter, showing a noteworthy figure of 414.7 mboepd, down from 444.1 mboepd in the second quarter. Additionally, there was a net volume sold of 391.3 mboepd, which again underlines the underlift scenario experienced in this quarter.
Key Production Metrics
Diving deeper, here are the specific metrics for the quarter and their comparisons:
- Net production: 414.7 mboepd (previous quarter: 444.1 mboepd)
- Underlift: -23.4 mboepd (previous quarter: +16.7 mboepd)
- Net volume sold: 391.3 mboepd (previous quarter: 460.9 mboepd)
- Production of liquids: 345.0 mboepd (previous quarter: 398.2 mboepd)
- Production of natural gas: 46.4 mboepd (previous quarter: 62.7 mboepd)
Realized Prices for Products
Another significant aspect is the realized prices for Aker BP's products during the quarter:
- Liquids: $80.3 per barrel (previous quarter: $83.1)
- Natural gas: $63.5 per barrel (previous quarter: $57.2)
Upcoming Reporting Schedule
Aker BP plans to release its comprehensive report for the third quarter at 06:00 CET. Investors and stakeholders are encouraged to tune into the management presentation scheduled for 08:30 CET on the same day. The webcast will allow for deeper insights into the results and future strategies, followed by a Q&A session to address investor queries.
Contact Information
For investors seeking further information, the following contacts from Aker BP are available:
- Kjetil Bakken, Head of IR: +47 918 89 889
- Carl Christian Bachke, IR Officer: +47 909 80 848
- Martin Seland Simensen, IR Officer: +47 416 92 087
Frequently Asked Questions
When will Aker BP publish its full report for Q3 2024?
The full report will be released on Wednesday, 30 October at 06:00 CET.
What was Aker BP's average production for Q3?
Aker BP's average production for Q3 was 414.7 mboepd.
How does the current quarter's production compare to Q2?
The production decreased from 444.1 mboepd in Q2 to 414.7 mboepd in Q3.
What are the realized prices for natural gas in Q3?
The realized price for natural gas in Q3 was $63.5 per barrel.
Who can I contact for investor relations at Aker BP?
You can reach out to Kjetil Bakken at +47 918 89 889 for investor relations inquiries.
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