Alvheim production restored after unplanned downtime

Rhea-AI Summary

Aker BP (AKERBP) experienced unplanned downtime at the Alvheim field due to technical issues, causing a deferral of approximately one month in production. Despite the setback, production forecast for 2023 remains within the updated guidance range of 455-465 mboepd, albeit at the lower end.

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• Unplanned downtime at the Alvheim field caused a deferral in production, resulting in lower end production forecast for 2023.

LYSAKER, Norway, Dec. 18, 2023 /PRNewswire/ -- During the fourth quarter, Aker BP has experienced unplanned downtime at the Alvheim field due to technical issues. This has been resolved, and production is now restored.

The downtime resulted from a malfunction in new equipment installed during maintenance activities in the previous quarter, causing a deferral of approximately one month in the production from the Alvheim area. 

During restart of operations after the shutdown, approximately 50 cubic metres of oil leaked to the sea. The authorities were notified, proper oil spill response measures were successfully implemented, and no environmental harm has been reported because of this incident. More information is available on www.akerbp.com.

In its third quarter 2023 report, Aker BP provided an updated production guidance of 455-465 thousand barrels of oil equivalent per day (mboepd) for the full year 2023 (original guidance from February 2023 was 430-460 mboepd). Considering the Alvheim deferral, the latest production forecast for 2023 remains within the updated guidance range, albeit at the lower end.

For reference, Aker BP's net production from the Alvheim area in the third quarter was 33.8 mboepd.

Actual production numbers for the fourth quarter and full-year 2023 will be disclosed on or about 15 January 2024.

Contacts:
Kjetil Bakken, Head of Investor Relations, tel.: +47 918 89 889
Ole-Johan Faret, Press Spokesperson, tel.: +47 402 24 217

 

The following files are available for download:

https://mb.cision.com/Main/1629/3891666/2499228.pdf

Release

 

View original content:https://www.prnewswire.com/news-releases/alvheim-production-restored-after-unplanned-downtime-302017615.html

SOURCE Aker BP ASA

FAQ

What caused the unplanned downtime at Aker BP's Alvheim field?

The downtime was due to technical issues and a malfunction in new equipment installed during maintenance activities.

How much oil leaked to the sea during the restart of operations after the shutdown?

Approximately 50 cubic metres of oil leaked to the sea.

What is Aker BP's updated production guidance for the full year 2023?

Aker BP provided an updated production guidance of 455-465 thousand barrels of oil equivalent per day (mboepd) for the full year 2023.

What was Aker BP's net production from the Alvheim area in the third quarter?

Aker BP's net production from the Alvheim area in the third quarter was 33.8 mboepd.