Aker BP experiences strong growth
Aker BP ASA (“AKER BP”) increases reserves and maintains very good results in exploration, drilling and wells, projects and production. The company has a strong cash flow outlook and its robust balance sheet means freedom to manoeuvre. "We are positioned for further growth," says Aker BP CEO Karl Johnny Hersvik.In 2016, Aker BP's production was 118,200 barrels of oil equivalents per day (boepd), about 80 per cent oil and 20 per cent gas. 2017 production is expected to increase to between 128,000 and 135,000 boepd, with an average production cost of 11 USD/boe. With the current portfolio,