AKERBP: Third quarter 2018 production

Aker BP ASA produced 150.6 thousand barrels of oil equivalents per day (mboed) in the third quarter 2018.

Production in the third quarter was impacted by planned maintenance activities at Skarv and Alvheim, as well as temporarily higher gas injection and hence reduced exports from Skarv.

As part of the Valhall IP drilling campaign, the company has tested a new well stimulation method which is expected to significantly reduce the time and cost of new wells. The testing has taken more time than anticipated. As a result, some of the production growth that was expected from Valhall in the third quarter has been moved to coming quarters.

The production per field is specified below.

 Field  Interest Operator Q3-18 Q2-18 Q1-18
 Alvheim  65% Aker BP 38.9 40.1 40.5
 Bøyla  65% Aker BP 3.1 3.3 3.2
 Gina Krog  3.3% Equinor 1.3 1.8 1.5
 Hod  90% Aker BP 0.9 1.1 1.0
 Ivar Aasen  34.78% Aker BP 22.7 23.7 24.4
 Skarv  23.40% Aker BP 23.3 27.6 27.1
 Tambar  55% Aker BP 4.0 5.4 1.6
 Ula  80% Aker BP 6.5 5.4 6.5
 Valhall  90% Aker BP 35.1 32.7 33.5
 Vilje  46.90% Aker BP 3.7 4.1 5.1
 Volund  65% Aker BP 11.0 12.6 14.1
 Other  Misc. Misc. 0.1 0.1 0.1
 Total  150.6 157.8 158.6

Production volumes are subject to final re-allocation. Numbers may not add due to rounding.

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