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

Q2 2023 Aker BP ASA Earnings Call Transcript

Jul 13, 2023 / 06:30AM GMT
Release Date Price: $27.56 (+8.02%)
Karl Johnny Hersvik
Aker BP ASA - CEO

Good morning, everyone, and welcome to this presentation of Aker BP's second quarter results in 2023, which will be given by CFO, David Tonne and myself. After the presentation, there will, as usual, be a Q&A session. It is a true pleasure to report a very strong quarter for Aker BP. We produced more oil and gas at lower cost and with lower emissions than ever before in the company's history. I am also pleased to report that our field developments are on track. We're off to a good start for the project that we launched in December with important milestones achieved in the quarter, including government approval of all PDOs. We've also had recent exploration success with a significant oil discovery in the Yggdrasil area and also participation in the Carmen discovery.

On the financial side, we have further optimized our capital structure through successful transactions in the bond market. So as I've said before, this was an eventful quarter. And what makes me most proud is a dedicated team with a company culture for operational excellence and continuous

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