PR Newswire
FORNEBU, Norway, Oct. 27, 2023
FORNEBU, Norway, Oct. 27, 2023 /PRNewswire/ -- Aker BP continued its strong performance in the third quarter of 2023, bolstered by high operational efficiency, increased oil prices, and rigorous cost control, and maintained its standing as an industry leader in low greenhouse gas emissions. The company's field development projects are progressing according to plan, and its exploration activities resulted in two new discoveries in the quarter.
Key highlights
Comment from Karl Johnny Hersvik, CEO of Aker BP
"I am pleased to report another quarter of strong operational performance, demonstrating our commitment to high efficiency and cost discipline, and confirming our continued industry leadership in low emissions."
"Our field development projects are progressing well, with fabrication activities now underway at multiple sites. I am particularly pleased to announce that production from Kobra East & Gekko at Alvheim has commenced, five months ahead of schedule, a testament to the strong delivery from our project team and alliance partners."
"Our robust financial performance, marked by increased income and effective cost control, has resulted in substantial cash generation. This underscores our strategic focus on efficiency and disciplined capital allocation and supports our continued growth in dividends."
Webcast presentation
Today at 08:30 CEST, the company will present the results on a webcast available on www.akerbp.com/en. The presentation will be followed by an online Q&A session.
Attachments
2023-Q3 Report.pdf
2023-Q3 Presentation.pdf
Investor contacts:
Kjetil Bakken, Head of IR, tel.: +47 918 89 889
Carl Christian Bachke, IR Officer, tel.: +47 909 80 848
Martin Seland Simensen, IR Officer, tel.: +47 416 92 087
Media contacts:
Tore Langballe, VP Communications, tel.: +47 907 77 841
Ole-Johan Faret, Press Spokesman, tel.: +47 402 24 217
The following files are available for download:
Release | |
https://mb.cision.com/Public/1629/3862251/89701c4406d89ef7.pdf | 2023-Q3 Presentation |
https://mb.cision.com/Public/1629/3862251/92c12cc2f355a31f.pdf | 2023-Q3 Report |
View original content:https://www.prnewswire.com/news-releases/aker-bp-reports-third-quarter-2023-results-301969742.html
SOURCE Aker BP ASA
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