Aker BP ASA (OTCPK:AKRBF)
$ 20 0.12 (0.6%) Market Cap: 12.89 Bil Enterprise Value: 16.12 Bil PE Ratio: 8.85 PB Ratio: 1.05 GF Score: 79/100

Q4 2023 Aker BP ASA Earnings Call Transcript

Feb 08, 2024 / 07:30AM GMT
Release Date Price: $24.86 (+0.24%)
Karl Johnny Hersvik
Aker BP ASA - CEO

Good morning, and welcome to this presentation of Aker BP's Fourth Quarter and Full Year 2023. Joining me today are CFO, David Tonne; our Chief Digital Officer, Paula Doyle; and Per Oyvind Seljebotn, Senior Vice President for Exploration and Reservoir Development. Together, we aim to provide insight into the performance and outlook for Aker BP, focusing on our strategic priorities. Following the presentation, we will, as per usual, have a Q&A session.

2023 marked the first full year as one integrated team and portfolio after the acquisition of Lundin. And I'm pleased to report that we have successfully met all operational and financial targets. Field developments are on track and we are progressing well with the project launched in December 2022. The key milestones were achieved on schedule, main contracts have been placed and capacity secured. We are on schedule and on budget.

Furthermore, we delivered exploration success, notably with the Frigg East discovery in the Yggdrasil area. With high-quality assets and an organization committed to

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