Var Energi ASA (OSTO:VARo)

kr 35.27 -0.43 (-1.2%) Market Cap: 88.05 Bil Enterprise Value: 130.50 Bil PE Ratio: 15.74 PB Ratio: 5.63 GF Score: 24/100

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kr30.59 (-0.33%)

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kr32.45 (-1.37%)

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Half Year 2023 Var Energi ASA Earnings Call Transcript

Jul 25, 2023 / 08:00AM GMT

Release Date Price: kr30.59 (-0.33%)

Transcript

Operator

(Operator Instructions) This call is being recorded. I will now turn the call over to the speakers. Please begin.

Ida Marie Fjellheim;r Energi AS;Head of IR

VÃ

¥-

Good morning, everyone, and a warm welcome to VÃ¥r Energi's Second Quarter 2023 Results Webcast. The presentation today is, as usual, given by our CEO, Torger Rod; and our CFO, Stefano Pujatti. Torger and Stefano will present the results. And afterwards, we will open up for Q&A. I will now give the word over to Torger.

Torger Rod;r Energi AS;CEO

VÃ

¥-

Thank you, Ida, and good morning all. I am pleased to report a quarter of strong safety performance, high uptime on operated assets, solid price realization and good progress on our development projects. Q2 production was 202,000 barrels driven by solid performance on operated assets but with impact from seasonal maintenance. Our operated fields have delivered a solid production efficiency in the quarter, and we also see a strong development

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