Aker BP fourth quarter results 2017
Aker BP ASA (“the company” or “Aker BP”) reported total income of USD 726 (656) million in the fourth quarter of 2017. Production in the period was 135.6 (126.5) thousand barrels of oil equivalent per day, realising an average oil price of USD 65 (52) per barrel, while gas revenues were recognised at market value of USD 0.26 (0.19) per standard cubic metre. Production cost per barrel of oil equivalents was USD 11.8 (10.4). EBITDA amounted to USD 509 (485) million in the quarter and EBIT was USD 305 (281) million. Net profit for the quarter was USD 34 (-67) million, translating into an