Aker BP

Earnings Release • Oct 14, 2024

Aker BP: Third quarter 2024 trading update

Aker BP (OSE: AKRBP) will publish its report for the third quarter of 2024 on Wednesday, 30 October 2024. Today, the company provides preliminary production and sales figures for the quarter.

Production and sales

The company's equity production for the quarter averaged 414.7 thousand barrels of oil equivalent per day (mboepd). This represents a decrease compared to the previous quarter, primarily due to planned maintenance activities at several fields, which were executed as scheduled. The net volume sold was 391.3 mboepd, due to an underlift in the quarter.

Volume (mboepd)	Q3-24	Q2-24
Net production	414.7	444.1
Overlift/(underlift)	(23.4)	16.7
Net volume sold	391.3	460.9
Of which liquids	345.0	398.2
Of which natural gas -	46.4	62.7
Realised prices (USD/boe)	Q3-24	Q2-24
Liquids	80.3	83.1
Natural gas	63.5	57.2

Reporting date

The company will release its full report for the third quarter of 2024 on Wednesday, 30 October 2024, at 06:00 CET. On the same day, at 08:30 CET, the management will present the results via a webcast, which will be available on www.akerbp.com/en. The presentation will be followed by an online Q&A session.

Contact:

Kjetil Bakken, Head of IR, tel.: +47 918 89 889 Carl Christian Bachke, IR Officer, tel.: +47 909 80 848 Martin Seland Simensen, IR Officer, tel.: +47 416 92 087

About Aker BP:

Aker BP is a leading exploration and production company focused on oil and gas operations on the Norwegian continental shelf. The company operates the Alvheim, Edvard Grieg, Ivar Aasen, Skarv, Ula, and Valhall field centres and is a key partner in the Johan Sverdrup field. Headquartered in Fornebu, Norway, Aker BP is listed on the Oslo Børs under the ticker AKRBP. For more information, visit www.akerbp.com/en.

This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and requirements under the EU Market Abuse Regulation.