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

Q2 2019 Aker BP ASA Earnings Call Transcript

Jul 12, 2019 / 06:30AM GMT
Release Date Price: kr270 (+1.93%)
Karl Johnny Hersvik
Aker BP ASA - CEO

Good morning, everyone, and welcome to Aker BP's Second Quarter and First Half Presentation of 2019 here at Fornebuporten. And also a warm welcome to all of those who follow us online or on our conference call.

Let me warm up by giving you a quick overview over the highlights of this exciting second quarter. Production volumes were low, mainly due to maintenance activities and mostly in line with our previously communicated plans.

All our development projects are continuing on track, and we look forward to the start-up of production from both Johan Sverdrup and the Valhall West Flank later this year.

We also continued to deliver strong exploration performance. And today, we are announcing a new significant discovery in the NOAKA area.

I will come back to all of these in detail later in the presentation, but before we dive into the detail, I would like to share some reflections over the activity level in Aker BP.

As I'm used to saying on these quarterly presentations, it's been yet another exciting quarter at Aker BP.

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