Aker BP: Strengthened position as a leading independent offshore E&P company
Aker BP ASA ("AKER BP") is hosting its annual Capital Markets Day today. During 2017, Aker BP increased its reserves (2P) by a net of 202 million barrels of oil equivalents (mmboe), to a total of 913 mmboe. The company delivered significant growth, while simultaneously chasing cost per barrel produced, and had efficient operations with high operational uptime. Aker BP has a strong cash flow outlook and a robust balance sheet with a USD 2.9 billion liquidity reserve, enabling the company to increase dividends for 2018 to USD 450 million, and further strengthen its position as the leading