Aker BP Announces Fourth Quarter 2024 Trading Update

Source: www.gulfoilandgas.com 1/16/2025, Location: Europe

Aker BP (OSE: AKRBP) will publish its report for the fourth quarter of 2024 and provide its annual strategy update on 12 February 2025. Today, the company provides preliminary production and sales figures for the quarter and the full year.

Quarterly production: The company's equity production for the quarter averaged 449.2 thousand barrels of oil equivalent per day (mboepd). Due to underlift, the net volume sold during the quarter was 439.2 mboepd.

Annual production: For the full year 2024, equity production averaged 439 mboepd, close to the high end of the guided range of 430-440 mboepd.

Volume (mboepd)
Net production
Q4-24: 449.2
Q3-24: 414.7
FY 2024: 439.0

Overlift/(underlift)
Q4-24: (10.1)
Q3-24: (23.4)
FY 2024: (9.0)

Net volume sold
Q4-24: 439.2
Q3-24: 391.3
FY 2024: 430.0

Of which liquids
Q4-24: 373.5
Q3-24: 345.0
FY 2024: 370.2

Of which natural gas
Q4-24: 65.7
Q3-24: 46.4
FY 2024: 59.8

Realised prices (USD/boe)
Liquids
Q4-24: 74.1
Q3-24: 80.3
FY 2024: 80.1

Natural gas
Q4-24: 79.0
Q3-24: 63.5
FY 2024: 62.9

The company will release its report for the fourth quarter of 2024 on Wednesday, 12 February 2025, at 06:00 CET. On the same day at 08:30 CET, the management will present the results and provide its annual strategy update via a webcast, available on www.akerbp.com/en.


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