Q2 2021 BW Energy Ltd Earnings Call Transcript
Hello, and welcome to the BW Energy Q2 2021 presentation. (Operator Instructions) Today, I'm pleased to present your speakers. Please begin your meeting.
A warm welcome to BW Energy's second quarter 2021 presentation. This presentation will be hosted by our Chief Operating Officer, Lin Espey; our Chief Financial Officer, Knut Saethre; and myself, Carl Arnet. I will take you through the comments on the operations, and Knut will take you through the financials as usual, and then we will all participate in the Q&A that we will have at the end.
Please note, our disclaimer. The highlights of our second quarter is, of course, first and foremost, our production, which was good and stable in the quarter, and gave us an EBITDA of $47 million with two liftings completed.
This resulted in a further strengthening of our cash position to $216 million, and more on this will follow, of course, later in the presentation. We successfully completed the DTM 7H production well on time and below budget. We are, as we speak
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