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  • Aker BP ASA
    Oksenøyveien 10 1366 Lysaker Norway
    +47 51 35 30 00
    http://www.akerbp.com

    • Calendar

    12 Feb

    Q4-2024 Results


    07 May

    Q1-2025 Results


    15 Jul

    Q2-2025 Results


    22 Oct

    Q3-2025 Results


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    Aker BP reports third quarter 2024

    Aker BP delivered strong results in third quarter 2024, driven by high production efficiency, low costs, and low emissions. With production guidance raised, early project completions, and robust cash flow generation, we continue to create value and return it to shareholders through dividends.  Highlights · Efficient operations: Oil and gas production averaged 415 (444) thousand barrels of oil equivalent per day (mboepd) during the quarter. Full-year guidance raised to 430-440 (previously 420-440) mboepd. · Low cost: Production cost was USD 6.6 (6.4) per barrel. Full-year guidance

    Aker BP completes annual employee share programme

    Reference is made to Aker BP's announcement on 23 September 2024 regarding the company’s annual share purchase programme for employees. The programme has now been completed, with a total of 1,271,447 shares sold to employees at a price of NOK 182.87 per share. This price reflects a 20 percent discount on the reference market price and is subject to a three-year lock-up period. Following these transactions, Aker BP holds 57,009 treasury shares.

    Aker BP: Third quarter 2024 trading update

    Aker BP (OSE: AKRBP) will publish its report for the third quarter of 2024 on Wednesday, 30 October 2024. Today, the company provides preliminary production and sales figures for the quarter.   Production and sales The company's equity production for the quarter averaged 414.7 thousand barrels of oil equivalent per day (mboepd). This represents a decrease compared to the previous quarter, primarily due to planned maintenance activities at several fields, which were executed as scheduled. The net volume sold was 391.3 mboepd, due to an underlift in the quarter.  Volume (mboepd)

    Aker BP ASA announces completion of Senior Notes Offering

    Aker BP ASA (the “Company”) is pleased to announce that it has successfully completed its senior notes offering (the “Offering”) of (i) $750 million aggregate principal amount of 5.125% Senior Notes due 2034 (the “2034 Notes”) and (ii) $750 million aggregate principal amount of its 5.800% Senior Notes due 2054 (the “2054 Notes”) (the 2034 Notes and 2054 Notes are collectively referred to as the “Notes”). The Company intends to use the net proceeds of the Offering for general corporate purposes and to purchase for cash any and all of its outstanding (i) 3.000% Senior Notes due 2025 (the “

    Notification of acquisition of own shares

    Reference is made to Aker BP's press release from 4 June 2024, where the company announced its plan to buy up to 1,000,000 own shares in connection with the company's employee share saving plan. In the period from 24 September to 25 September, the company purchased 100,000 shares at an average price of NOK 232.62. An overview of the transactions, and a detailed specification of individual trades, are attached to this announcement. In total, the company has purchased 600.000 shares at an average price of NOK 253.75 under this programme, which has now been completed. Aker BP ASA now

    Aker BP ASA announces pricing of Senior Notes Offering

    Aker BP ASA (the “Company”) is pleased to announce that it has priced its offering (the “Offering”) of (i) $750 million aggregate principal amount of 5.125% Senior Notes due 2034 (the “2034 Notes”) at a price equal to 99.683% of the aggregate principal amount thereof and (ii) $750 million aggregate principal amount of its 5.800% Senior Notes due 2054 (the “2054 Notes”) at a price equal to 99.690% of the aggregate principal amount thereof (the 2034 Notes and 2054 Notes are collectively referred to as the “Notes”). Interest will be payable semi-annually. The Company intends to use the net

    AKER BP ASA ANNOUNCES LAUNCH OF OFFERING OF U.S. DOLLAR-DENOMINATED SENIOR NOTES

    Lysaker, 24 September 2024. Aker BP ASA (the “Company”) announced today that it has launched a multi-tranche offering (the “Offering”) of U.S. Dollar-denominated Rule 144A/Regulation S senior unsecured notes (the “Notes”). The interest rate, offering price and certain other terms will be determined at the time of pricing of the Notes, subject to market conditions.Concurrently with the Offering, the Company is also making an offer to purchase for cash any and all of its outstanding (i) 3.000% Senior Notes due 2025, (ii) 2.875% Senior Notes due 2026 and (iii) 2.000% Senior Notes due 2026 (the

    Aker BP ASA to hold fixed income investor meetings

    Aker BP ASA (the “Company”) today announced that a series of fixed income investor calls has been arranged. A multi-tranche U.S. dollar-denominated benchmark Rule 144A / Reg S senior unsecured notes offering may follow subject to market conditions. The purpose of the contemplated notes issue is for general corporate purposes and/or the refinancing or repurchase of existing debt. For further information, please contact: Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889John Ole Hægeland, VP Corporate Finance, tel.: +47 906 06 169 Cautionary Statements This press release

    Employees buy shares in Aker BP

    Aker BP has received subscriptions from employees for more than 1.2 million shares at a discounted price of NOK 182.87 per share through the company’s annual share purchase programme. The subscription price represents a 20 percent discount to the reference market price, and the shares are subject to a three-year lock-up period. Approximately 62 percent of the company's employees subscribed in the program, including the following primary insiders: Primary Position  Shares purchased  New holdinginsiderTalar Arif SVP Ula

    Tyrving on stream

    Oil production has started from the Tyrving field in the Alvheim area. Tyrving is operated by Aker BP, with Petoro and PGNiG Upstream Norway as partners.  The Tyrving development leverages the planned extended lifetime for the Alvheim field and will increase production while reducing both unit costs and CO2 emissions per barrel. The Tyrving development consists of three wells and two new subsea installations (manifolds), tied back to existing infrastructure at East Kameleon and further to the Alvheim FPSO. Recoverable resources in Tyrving are estimated at approximately

    Grants awarded under Aker BP's Long-Term Incentive Programme

    Aker BP’s Long-Term Incentive Programme (LTIP) is designed to incentivise the executive management team (EMT) to deliver on the company’s long-term business objectives and maximise alignment with shareholder value creation. The LTIP is a share-based scheme in which grants are awarded annually, vested over a three-year period, and subject to a one-year lockup. Each grant represents one underlying share, and the number of grants awarded corresponds to 20 percent of base salary divided by the Aker BP share price at the time of the award. The final number of shares awarded at the end of

    Valhall wins the Norwegian Offshore Directorate's award for improved recovery

    “Congratulations, Team Valhall and Hod – this award is for you!” exclaimed Ole Johan Molvig, Senior Vice President for the Valhall area at Aker BP. On behalf of Aker BP and its partner Pandion, he accepted the Norwegian Offshore Directorate's "Improved Recovery Award" at the ONS conference on Tuesday 27 August. The IRA Award, previously known as the Improved Oil Recovery (IOR) Award, recognises creativity, patience and a willingness to take risks in adopting methods and technologies that can increase oil and gas recovery beyond what can be expected with existing plans and

    Aker BP reports second quarter 2024 results

    Aker BP continued to demonstrate strong operational performance in the second quarter of 2024, characterised by high production efficiency, low cost, and low emissions. All field development projects progressed as planned. Highlights · High production: Oil and gas production averaged 444 (448) thousand barrels of oil equivalent per day (mboepd) in the second quarter, supported by a production efficiency of 95 (93) percent. Full-year guidance has been revised to 420-440 (410-440) mboepd. · Low cost: Production cost was USD 6.4 (6.1) per barrel produced, below the full-year

    Aker BP second quarter 2024 trading update

    Aker BP (OSE: AKRBP) (OTCQX: AKRBF; AKRBY) will publish its report for the second quarter 2024 on Friday 12 July. Today, the company provides its preliminary production and sales figures for the quarter and an update on its full-year production forecast.  Production and salesThe company's equity production for the quarter was 444.1 thousand barrels of oil equivalents per day (mboepd). Net volume sold in the quarter was 460.9 mboepd: Volume (mboepd) Q2-24 Q1-24Net production 444.1 448.0Overlift/(underlift) 16.7 (19.0)Net volume sold

    Aker BP awarded licence for CO2 storage in Norway

    Aker BP has been awarded a new CO\2\ storage licence in the Norwegian North Sea, in partnership with PGNiG Upstream Norway AS. · Link to the Ministry of Energy's announcement  The storage licence is named Atlas and is located in Norwegian North Sea, near the Yggdrasil area, where the Aker BP-operated Yggdrasil field development project is currently underway. Aker BP has been awarded the operatorship with an 80 percent interest. PGNiG Upstream Norway AS,

    Notification of acquisition of own shares

    Reference is made to Aker BP's press release from 4 June 2024, where the company announced its plan to buy up to 1,000,000 own shares in connection with the company's employee share saving plan. In the period from 4 June to 10 June, the company purchased 500,000 shares at an average price of NOK 257.98. An overview of the transactions, and a detailed specification of each individual trade, are attached to this announcement. After these transactions, Aker BP ASA owns a total of 1,228,456 own shares, corresponding to 0.19 percent of the company's share capital. Attachments: ·

    Aker BP ASA announces pricing of Euro Senior Notes offering

    Aker BP ASA is pleased to announce that it has priced an offering of EUR 750 million Senior Notes under Aker BP ASA’s Euro Medium Term Note programme. The Notes mature 29 May 2032 and carry an annual fixed coupon of 4.000%. The issue price was 99.731, equivalent to a yield of 4.04%. The offering will settle on 29 May 2024. The Notes will be listed on the regulated market of the Luxembourg Stock Exchange and the use of proceeds are for general corporate purposes.  The Joint Bookrunners for the transaction are ABN AMRO, Barclays, Nordea, SEB, UniCredit and Wells Fargo.

    Aker BP: Minutes of Annual General Meeting

    The annual general meeting of Aker BP ASA (OSE: AKRBP) (OTCQX: AKRBF; AKRBY) took place on 30 April 2024, conducted as a digital meeting with online participation. The minutes of the meeting are attached and are accessible on akerbp.com/general-meeting/. During the general meeting, Øyvind Eriksen, Trond Brandsrud, Valborg Lundegaard, and Charles Ashley Heppenstall were re-elected, while Doris Reiter was newly elected as a director of the board, each serving a two-year term. Consequently, the board of Aker BP ASA is comprised of the following shareholder-elected directors (election period

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