Aker BP breaks company production record in Q2 2023 from Johan Sverdrup field

(WO) – According to the company’s quarterly report, Aker BP delivered strong operational and financial performance in the second quarter 2023, with the highest production volume, the lowest unit cost and the lowest emissions intensity in the company’s history.

The company achieved a new production record of 481 MMboed, driven by the successful ramp-up of Johan Sverdrup to a new plateau level and high production efficiency across the portfolio. The full-year guidance increased to 445-470 MMboed.

Aker BP’s industry leading GHG emissions intensity further improved to 2.6 (2.9) kg CO2e per boe. All field development projects have received government approval and remain on track

The company also made a significant oil discovery at Øst Frigg – likely to be included in the ongoing Yggdrasil project.

Karl Johnny Hersvik, CEO of Aker BP, said, "It has been a very strong second quarter for Aker BP. We have produced more oil and gas, at a lower cost, and with lower emissions than ever before in our history. This excellent performance has led us to increase our expectations for the full year of 2023.

Beyond these strong results, I am also pleased that our field development projects are on track, and we have achieved important milestones throughout the quarter. This includes obtaining governmental approvals of all PDOs.

Furthermore, we have had exploration success in the quarter, contributing to the growth of our resource base and the value of our ongoing field development projects.”