Aker BP ASA produced 150.6 thousand barrels of oil equivalents per day (mboed)
in the third quarter 2018.
Production in the third quarter was impacted by planned maintenance activities
at Skarv and Alvheim, as well as temporarily higher gas injection and hence
reduced exports from Skarv.
As part of the Valhall IP drilling campaign, the company has tested a new well
stimulation method which is expected to significantly reduce the time and cost
of new wells. The testing has taken more time than anticipated. As a result,
some of the production growth that was expected from Valhall in the third
quarter has been moved to coming quarters.
The production per field is specified below.
Field Interest Operator Q3-18 Q2-18 Q1-18
Alvheim 65% Aker BP 38.9 40.1 40.5
Bøyla 65% Aker BP 3.1 3.3 3.2
Gina Krog 3.3% Equinor 1.3 1.8 1.5
Hod 90% Aker BP 0.9 1.1 1.0
Ivar Aasen 34.78% Aker BP 22.7 23.7 24.4
Skarv 23.40% Aker BP 23.3 27.6 27.1
Tambar 55% Aker BP 4.0 5.4 1.6
Ula 80% Aker BP 6.5 5.4 6.5
Valhall 90% Aker BP 35.1 32.7 33.5
Vilje 46.90% Aker BP 3.7 4.1 5.1
Volund 65% Aker BP 11.0 12.6 14.1
Other Misc. Misc. 0.1 0.1 0.1
Total 150.6 157.8 158.6
Production volumes are subject to final re-allocation. Numbers may not add due
to rounding.
Contact:
Kjetil Bakken, VP Investor Relations, tel.: +47 91 889 889
About Aker BP:
Aker BP is a fully-fledged E&P company with exploration, development and
production activities on the Norwegian Continental Shelf. Aker BP is the
operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. The
company is also a partner in the Johan Sverdrup field. Aker BP is headquartered
at Fornebu, Norway, and is listed on the Oslo Stock Exchange under the ticker
'AKERBP'. More about Aker BP at www.akerbp.com.