Aker BP Announces First Quarter 2022 Trading Update

Source: www.gulfoilandgas.com 4/13/2022, Location: Europe

Aker BP will publish its financial report for the first quarter 2022 on Thursday 28 April 2022. The company issues this trading update to summarize its production and sales volumes and related topics for the quarter.

Oil and gas production and sales
Aker BP produced 208.2 thousand barrels of oil equivalents per day (mboepd) in the quarter, while net volume sold amounted to 216.2 mboepd.

Other income
Aker BP expects to report Other income of approximately USD 40 million, mainly driven by unrealised gains on commodity derivatives.

Production cost
The company expects to report production costs of approximately USD 220 million. The increase from the previous quarter is mainly driven by higher lifted volumes, power costs, environmental taxes and higher well intervention activity.

Sale of shares in Cognite
During the first quarter 2022, Aker BP sold its shares in Cognite AS. This is expected to generate a gain of approximately USD 100 million (not taxable), which will be recorded as Other financial income.

Canada >>  6/27/2022 - Imperial Oil Limited (IMO) announced that it has received final acceptance from the Toronto Stock Exchange (TSX) for a normal course issuer bid (NCIB)...
China >>  6/27/2022 - Ncondezi Energy Limited ("Ncondezi") (NCCL) is pleased to announce its audited final results for the year ended 31 December 2021.


France >>  6/27/2022 - As part of its remuneration policy, Bureau Veritas grants options to subscribe or to purchase shares (“Options”) and Performance shares (“Shares”) to ...
Greece >>  6/27/2022 - Seanergy Maritime Holdings Corp. announced that the application of United Maritime Corporation (“United”) to list its common shares on the Nasdaq Capi...

Nigeria >>  6/27/2022 - LEKOIL, the Cayman Islands litigation asset company with an investment in oil & gas assets in Nigeria, provides the following update in respect of the...
Tanzania >>  6/27/2022 - Wentworth Resources, the independent, Tanzania-focused natural gas production company is pleased to make the following announcement.

The ...

Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.