Aker BP: Third quarter 2024 trading update
Rhea-AI Summary
Aker BP (OSE: AKRBP) has released preliminary production and sales figures for Q3 2024. The company's equity production averaged 414.7 thousand barrels of oil equivalent per day (mboepd), a decrease from the previous quarter due to planned maintenance activities. Net volume sold was 391.3 mboepd, reflecting an underlift in the quarter.
Key figures for Q3 2024:
- Net production: 414.7 mboepd
- Net volume sold: 391.3 mboepd (345.0 mboepd liquids, 46.4 mboepd natural gas)
- Realized prices: $80.3/boe for liquids, $63.5/boe for natural gas
The full Q3 2024 report will be released on October 30, 2024, at 06:00 CET, followed by a management presentation and Q&A session at 08:30 CET.
Positive
- Realized natural gas prices increased from $57.2/boe in Q2 to $63.5/boe in Q3 2024
Negative
- Equity production decreased from 444.1 mboepd in Q2 to 414.7 mboepd in Q3 2024
- Net volume sold decreased from 460.9 mboepd in Q2 to 391.3 mboepd in Q3 2024
- Realized liquids prices decreased from $83.1/boe in Q2 to $80.3/boe in Q3 2024
LYSAKER,
Production and sales
The company's equity production for the quarter averaged 414.7 thousand barrels of oil equivalent per day (mboepd). This represents a decrease compared to the previous quarter, primarily due to planned maintenance activities at several fields, which were executed as scheduled. The net volume sold was 391.3 mboepd, due to an underlift in the quarter.
Volume (mboepd) | Q3-24 | Q2-24 |
Net production | 414.7 | 444.1 |
Overlift/(underlift) | (23.4) | 16.7 |
Net volume sold | 391.3 | 460.9 |
Of which liquids | 345.0 | 398.2 |
Of which natural gas | 46.4 | 62.7 |
- | ||
Realised prices (USD/boe) | Q3-24 | Q2-24 |
Liquids | 80.3 | 83.1 |
Natural gas | 63.5 | 57.2 |
Reporting date
The company will release its full report for the third quarter of 2024 on Wednesday, 30 October 2024, at 06:00 CET. On the same day, at 08:30 CET, the management will present the results via a webcast, which will be available on www.akerbp.com/en. The presentation will be followed by an online Q&A session.
Contact:
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
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/aker-bp-asa/r/aker-bp--third-quarter-2024-trading-update,c4050221
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SOURCE Aker BP ASA
FAQ
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