Aker BP ASA (OSL:AKRBP)

kr 265.1 -2.6 (-0.97%) Market Cap: 167.22 Bil Enterprise Value: 211.50 Bil PE Ratio: 8.53 PB Ratio: 1.24 GF Score: 92/100

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Q1 2019 Aker BP ASA Earnings Call Transcript

Apr 26, 2019 / 06:30AM GMT

Release Date Price: kr288.5 (-6.15%)

Transcript

Karl Johnny Hersvik

Aker BP ASA - CEO

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To those of you who are joining us online or on the conference call. Let me just warm up by giving you a few operational highlights for the quarter, and we'll come back to all of these issues later.

First of all, we had a very strong operational performance in the quarter, high production efficiency and excellent project execution of our field development projects. Second, our improvement program continues to deliver data-driven innovations, and I'll touch upon a couple of these use cases later in the presentation. And thirdly, we continued expanding our resource base with exploration success at Alvheim and accelerated Ãrfugl development, and recently, new sanctioned infill campaign at Valhall.

On the right-hand side of the current slide, we have given you some financial key figures of the quarter, including restated figures for the fourth and the third -- fourth quarter and first quarter 2018 due to new accounting standards. We'll, of course, come back to these different items in more detail later in the

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