Q3 2021 BW Energy Ltd Earnings Call Transcript
Welcome to the BW Energy Q3 2021 presentation. (Operator Instructions) Today, I'm pleased to present Carl Arnet, CEO. Please begin your meeting.
A warm welcome to this BW Energy third-quarter 2021 presentation. The presentation will be hosted by Lin Espey, our COO; our CFO, Knut Sæthre; and myself, Carl Arnet. I will take you through the initial slides on the operational status as usual. And Knut will take you through the financial status, and then we'll all be available for any questions after the presentation.
Please note our disclaimer. Then on to highlights for the quarter. We will comment on the -- in more detail later in the presentation on the successful completion of the last two Tortue Phase 2 wells in October, which also concluded the Tortue Phase 2 development.
We are pleased to announce that this came in $45 million below budget, and we consider that a very good result given the hiatus, the significant hiatus we had in the project caused by the pandemic.
We will also comment on the
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