Aker BP will publish its financial report for the third quarter 2022 on
Wednesday 26 October 2022. The company issues this trading update to summarize
its production and sales volumes and related topics for the quarter.
Oil and gas production and sales
Aker BP produced 411.7 thousand barrels of oil equivalents per day (mboepd) in
the quarter. Net volume sold amounted to 406.7 mboepd.
Volumes (mboepd) Q3-22 Q2-22
Net production 411.7 181.3
Over/underlift (5.0) (8.6)
Net sold volume 406.7 172.6
Of which liquids 342.2 127.5
Of which natural gas 64.5 45.1
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Realised prices (USD/boe) Q3-22 Q2-22
Liquids 101.1 117.5
Natural gas 280.9 152.6
Impairments
Non-cash net impairment charges are estimated to USD 55 million before tax
(approximately USD 12 million after tax) for the third quarter. The impairment
is related to the Ula area.
Tax
The tax expense for third quarter is expected to be impacted by currency
movements, and the company expects an effective tax rate of approximately 80
percent.
Conference call and webcast
The company will host a conference call and webcast on 26 October 2022 at 08:30
CEST. To participate, go to www.akerbp.com/en or use the following dial-in
details. Please join the call 5 minutes before the scheduled start time as it
will start promptly.
Dial in number Norway: +47 21 56 33 19
Dial in number UK: +44 (0) 33 0551 0211
Conference PIN: 1086698 #
Disclaimer
The information in this statement is based on a preliminary assessment of the
company's third quarter 2022 financial results. The company has not completed
its financial reporting and related review and control procedures. The estimates
provided may therefore be subject to change and the financial statements finally
approved and released by the company may deviate from the information provided
here.
Contact:
Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889
About Aker BP:
Aker BP is an independent E&P company with exploration, development and
production activities on the Norwegian Continental Shelf. Aker BP is the
operator of Alvheim, Edvard Grieg, 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 'AKRBP'. More about Aker BP at www.akerbp.com.
This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.