Aker BP third quarter 2023 trading update

Rhea-AI Summary

Aker BP announces preliminary production and sales figures for Q3 2023.

Positive

• Aker BP's equity production for Q3 2023 was 449.8 thousand barrels of oil equivalents per day (mboepd).
• Net volume sold in Q3 2023 was 450.0 mboepd.

Negative

• The reduction in production for Q3 2023 was due to maintenance activities at several fields.

FORNEBU, Norway, Oct. 5, 2023 /PRNewswire/ -- Aker BP (OSE: AKRBP) (OTCQX: AKRBF) (OTCQX: AKRBY) today announces its preliminary production and sales figures for the third quarter 2023. 

The company's equity production for the period was 449.8 thousand barrels of oil equivalents per day (mboepd). The reduction from the previous quarter was caused by maintenance activities at several fields. Net volume sold in the quarter was 450.0 mboepd.

Volume (mboepd)	Q3-23	Q2-23	Q1-23	Q4-22	Q3-22
Net production	449.8	480.7	452.7	432.0	411.7
Overlift/(underlift)	0.3	(3.3)	(3.1)	(3.7)	(5.0)
Net volume sold	450.0	477.4	449.6	428.3	406.7
Of which liquids	389.5	408.9	384.1	362.2	342.2
Of which natural gas	60.5	68.5	65.5	66.0	64.5
					.
Realised prices	Q3-23	Q2-23	Q1-23	Q4-22	Q3-22
Liquids (USD/boe)	87.6	76.8	78.4	86.6	101.1
Natural gas (USD/boe)	60.5	63.9	98.7	150.4	280.9

The company will release its third quarter 2023 report on Friday 27 October 2023 at 06:00 CEST. At 08:30 CEST the same day, the management will present the results on a webcast available on www.akerbp.com/en. The presentation will be followed by an online Q&A session.

Contacts:
Carl Christian Bachke, IR Officer, tel.: +47 909 80 848
Kjetil Bakken, Head of IR, tel.: +47 918 89 889
Martin Seland Simensen, IR Officer, tel.: +47 416 92 087

View original content:https://www.prnewswire.com/news-releases/aker-bp-third-quarter-2023-trading-update-301947946.html

SOURCE Aker BP ASA

FAQ

What was Aker BP's equity production for Q3 2023?

Aker BP's equity production for Q3 2023 was 449.8 mboepd.

What was the net volume sold in Q3 2023?

The net volume sold in Q3 2023 was 450.0 mboepd.

What caused the reduction in production for Q3 2023?

The reduction in production for Q3 2023 was due to maintenance activities at several fields.

When will Aker BP release its third quarter 2023 report?

Aker BP will release its third quarter 2023 report on Friday, October 27, 2023, at 06:00 CEST.

Where can I watch the presentation of the results?

The management will present the results on a webcast available on www.akerbp.com/en.