Third quarter 2020 results
Highlights · Total income increased to USD 684 million, positively impacted by higher oil and gas prices · Net profit of USD 80 million and free cash flow of USD 195 million · On track to deliver on 2020 production guidance · All field developments progressing according to plan, production start from Ærfugl phase 1 expected during Q4-2020 · Further reducing 2020 capital spend by USD 100 million · Uniquely positioned to benefit from tax changes, aiming to make final investment decisions for projects with more than 500 mmboe of net resources by 2022 · New long-dated