Aker BP Third quarter 2020 trading update

Aker BP Third quarter 2020 trading update

Aker BP produced 201.6 thousand barrels of oil equivalents per day (mboepd) in the third quarter, and remains on track to deliver on its full-year production guidance of 205-220 mboepd. The change from the previous quarter was mainly driven by planned maintenance and drilling activities.

Total petroleum revenues increased compared to previous quarter as higher oil and gas prices more than compensated for lower sold volume.

Volume (mboepd)Q3-20Q2-20Q1-20Q4-19
Net production201.6209.8208.1191.1
Net sold volume187.7232.0207.5184.5
Of which liquids157.5198.2174.3151.4
Of which natural gas30.233.833.233.1
Realised pricesQ3-20Q2-20Q1-20Q4-19
Liquids (USD/boe)42.729.944.764.2
Natural gas (USD/scm)

Conference call and webcast

The company will host a conference call to present its third quarter 2020 results on 29 October 2020 at 08:30 CEST. 

Information Source:

Submitted by: Press release