Aker BP (AKRBP)

TekBot · juni 24, 2019, 5:15am

22/06-2019 09:41:29: (AKERBP) Valhall Flank West successfully installed

Aker BP is the operator of the Valhall Flank Vest with Pandion as partner. The platform is the first to be delivered under the wellhead platform alliance between Aker BP, Aker Solutions, Kværner and ABB. It sailed from Kværner in Verdal on Sunday 16 June and arrived at the field with no carry-over-work from the yard. That means a significant reduction in the work scope offshore.

“This is probably the most complete platform ever installed in the North Sea. All planned construction work is complete and just seven per cent of the commissioning phase remains. I am truly impressed by the job the alliance has done here,” says CEO Karl Johnny Hersvik in Aker BP.
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“We see a definite effect from the alliance model in the Valhall Flank West project. Compared with similar projects, we have seen substantial reductions in both cost, engineering hours and construction of the topsides and jacket. Quality has been delivered from day one of the project, and we have not experienced any serious injuries,” says Hersvik.

Good cooperation

Hereema’s Thialf lifting vessel placed the 2000-tonne topsides on the jacket at Thursday evening. The entire operation was complete on Saturday morning. Everything went according to plan.

The critical hook-up work starts almost immediately. Initially, crews will be transported to the platform using vessels. The Maersk Invincible rig is expected to arrive at the field sometime next week. It will drill six wells as part of the project and will function as a living quarters platform in the hook-up and commissioning phase.

“So far, Valhall Flank West has been a fantastic journey and I am proud to lead this team. All the alliances are delivering and the project is successful because we have a solid team that cooperates really well across companies,” says project manager Michael Joseph Bible.

At the Valhall Field Centre, the Modification alliance has carried out extensive modifications over the past year to prepare the centre to receive the production from Valhall Flank West. In addition, the Subsea alliance has laid pipelines and umbilical which are ready to be pulled in now that the platform is in place.

“We are now entering a demanding offshore period, and we will continue the good work in this phase of the project. The most important thing for us is that everyone working in the project return home safely,” says Bible.

First oil in the fourth quarter of 2019

Valhall has produced one billion barrels since the field opened in 1982. The ambition is to produce another billion barrels during the next 40 years.

“Valhall Flank West is an important contribution to ensure that we achieve our ambition. The field can contribute around 60 million barrels of oil equivalents to Valhall’s production. The West Flank has capacity for another six wells, and we are now looking into the possibility of more wells and increased value creation from the field,” says Valhall asset manager Per Mikal Hauge.

Aker BP is investing NOK 5.5 billion in Valhall Flank West. The break-even price for the development is USD 28.5 per bbl. Around 1 500 people have been involved in the project.

“There is high activity on the Valhall field. Last week, we removed QP from the field centre, the first of three old platforms that will be taken away. We are also investing in the future of the field with new wells and plugging of shut down wells. We look forward to starting production from Valhall Flank West in the fourth quarter. What has been installed on the field is of very good quality, and that project has set a new standard for project implementation. Today, I would just like to congratulate everyone who has been involved in the field development so far,” Hauge concludes.

Contacts:
Investor contact: Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889
Media contact: Ole-Johan Faret, Press Spokesman, tel.: +47 402 24 217

About Aker BP:
Aker BP is a fully-fledged E&P company with exploration, development and production activities on the Norwegian Continental Shelf. Aker BP is the operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. The company is also a partner in the Johan Sverdrup field. Aker BP is headquartered at Fornebu, Norway, and is listed on the Oslo Stock Exchange under the ticker `AKERBP’. More about Aker BP at www.akerbp.com.

Kilde

Krieghoff · juni 24, 2019, 7:34am

Morgenrapport fra DnB 24.06.2019

Vi tar denne uken Equinor ut av den ukentlige porteføljen med anbefalte aksjer. Inn i porteføljen kommer Aker BP. Slik vi observerer markedet har de lave gassprisene den siste tiden lagt et press på estimatene i Equinor. På tross av den positive utviklingen i oljeprisene forrige uke har aksjekursen dermed ikke fulgt med oppover. Ved å ta Aker BP inn i porteføljen opprettholder vi eksponeringen innen sektoren, men øker samtidig eksponeringen innen olje på bekostning av eksponering innen gass. Aker BP har også gjort det rundt 6%-poeng svakere enn Equinor siden vi tok førstnevnte ut av porteføljen i mars. Ved stengetid på fredag var porteføljen opp med rundt 17% så langt i år, mens hovedindeksen i samme periode var opp rundt 10%. De endelige avkastningstallene blir imidlertid beregnet på grunnlag av volumvektede gjennomsnittskurser gjennom de første timene av dagens handel.

TekBot · juni 28, 2019, 11:26am

28/06-2019 13:25:50: (AKERBP) Renteregulering

Krieghoff · juli 1, 2019, 2:14pm

AKERBP:DISKUTERT MILLIARTRANSAKSJON MED EQUINOR -DN

Oslo (TDN Direkt): Aker BP og Equinor har diskutert en milliardhandel der Aker BP får Equinors eierandel på 20 prosent i Lundin Petroleum, mens Equinor får “milliarder av kroner” og Aker BPs eierandel i Noaka-utbyggingen, der de to selskapene strides om utbyggingsløsning.

Det skriver Dagens Næringsliv mandag.

Aktører i finansmarkedet skal ha blitt kontaktet av selskapene i forbindelse med en mulig transaksjon, erfarer avisen.

Milliardhandelen har tre enkeltelementer.

Aker BP overtar Equinors vel 20 prosents store andel i oljeselskapet Lundin
Equinor overtar Aker BPs andel av Noaka-utbyggingen der de to selskapene strides om utbyggingsløsning
Equinor får ekstra betaling i form av et kontantoppgjør.
Equinor vil ikke kommentere opplysningene.

TekBot · juli 2, 2019, 9:00am

02/07-2019 11:00:00: (AKERBP) AKERBP: Invitation to attend presentation of financial results for Q2 and first-half 2019

Aker BP ASA will publish its financial results for the second quarter and first-half 2019 on Friday 12 July 2019 at 07:00 (CEST).

A presentation will take place at Akerkvartalet, Oksenøyveien 10 (building B), Lysaker, Norway at 08:30 (CEST). Please submit your registration to registration@akerbp.com by 11 July 2019 at 12:00 (CEST).
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Webast and conference call details:

A live webcast of the interim results will be available on our website www.akerbp.com/en.

To access the conference call, please contact the conference call operator at the telephone numbers listed below. Please call in 5 minutes prior to the scheduled start time and provide the confirmation code (2833353) or ask for the Aker BP Second Quarter 2019 Presentation.

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Location Phone Number
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Norway +47 2350 0296
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United Kingdom +44 (0)330 336 9411
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Investor contact:
Kjetil Bakken, VP Investor Relations, tel.: +47 91 889 889

Media contact:
Tore Langballe, VP Communications, tel.: +47 907 77 841
Ole-Johan Faret, Press Spokesman, tel.: +47 402 24 217

About Aker BP:
Aker BP is a fully-fledged E&P company with exploration, development and production activities on the Norwegian Continental Shelf. Aker BP is the operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. The company is also a partner in the Johan Sverdrup field. Aker BP is headquartered at Fornebu, Norway, and is listed on the Oslo Stock Exchange under the ticker `AKERBP’. More about Aker BP at www.akerbp.com.

Kilde

TekBot · juli 4, 2019, 8:25am

04/07-2019 10:24:46: (AKERBP) AKERBP: Update on second quarter 2019 financial results

Aker BP will publish its financial report for the second quarter 2019 on Friday 12 July 2019. The company’s net sales of oil and gas amounted to 140.7 thousand barrels of oil equivalents per day in the quarter.

Oil and gas production and sales
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Aker BP’s net production in the second quarter 2019 was 127.3 thousand barrels of oil equivalents per day (mboepd). The production volumes were lower than in the first quarter mainly due to planned maintenance at several fields. Net sold volumes, which are the basis for revenue recognition in the financial statement, were 140.7 mboepd, reflecting 13.4 mboepd in overlift. The production volumes are subject to final re-allocation.

Asset Q2-19 Q1-19 Q2-18
Alvheim area 53.1 56.8 60.1
Ivar Aasen 19.1 22.5 23.7
Skarv 22.7 22.6 27.6
Ula area 6.2 8.2 10.8
Valhall area 24.5 45.8 33.7
Other 1.7 2.7 1.9
Net production 127.3 158.7 157.8
Over/underlift 13.4 3.3 (6.5)
Net sold volume 140.7 162.0 151.3

Refinancing of bank facility
During the second quarter, the company replaced its previous Reserve Based Lending facility (“RBL”) with new Senior Unsecured Revolving Credit Facilities (“RCF”). The unamortized portion of the costs related to the RBL, amounting to approximately USD 35 million, will be expensed in the second quarter. After tax, this is expected to have a negative impact on net profit of approximately USD 20 million.

Currency effects
The company’s financial results are normally sensitive to changes in USD/NOK currency exchange rate. For the second quarter, the company expects to report a currency loss in the order of USD 10 million.

Disclaimer
The information in this statement is based on a preliminary assessment of the company’s second quarter 2019 financial results. The company has not completed its financial reporting and related review and control procedures. The estimates provided may therefore be subject to change and the financial statements finally approved and released by the company may deviate materially from the information herein.

Contact:
Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889

About Aker BP:
Aker BP is a fully-fledged E&P company with exploration, development and production activities on the Norwegian Continental Shelf. Aker BP is the operator of Alvheim, Ivar Aasen, Skarv, Ula and Valhall. The company is also a partner in the Johan Sverdrup field. Aker BP is headquartered at Fornebu, Norway, and is listed on the Oslo Stock Exchange under the ticker `AKERBP’. More about Aker BP at www.akerbp.com.

This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Kilde

Krieghoff · juli 10, 2019, 5:38pm

Looking beyond Q2 to bright future

We are 2% below consensus on Q2e EBITDA (results due at 07:00 CET on 12 July) on slightly higher expenses. We do not expect the guidance to be updated with the results. We have lowered our target price to NOK320 (330) after updating our NAV for FX and lower oil and gas prices, but with the stock trading at a P/NAV of 1x, we reiterate our BUY.

We are 2% below consensus on Q2e EBITDA (USD500m versus USD511m), explained by higher expenses, likely due to higher unit production costs from maintenance in the quarter and exploration costs.

We do not expect an update to the 2019 guidance . We view our USD12.7/bbl unit cost for Q2 as neutral and expect the full-year guidance of USD12.5/bbl to be maintained as we expect a decline when Johan Sverdrup comes on-stream as well as less maintenance activity. Q2 production of 127kboed was in line with company indications, so we do not expect any update to the 2019 guidance with the results. We see scope for lower capex related to Johan Sverdrup during 2019, but as always would expect this to be announced by operator Equinor.

Johan Sverdrup upside potential . We believe focus in the coming months will be on commencement of production from the Johan Sverdrup field (Equinor has guided early November). We see little impact on our valuation from small changes in the exact date of production start-up. However, we expect increasing investor focus as November approaches on potential upside to longer-term plateau production and increased reserves, which could lift our NAV.

Target price lowered to NOK320, but BUY reiterated . We have lowered our NAV to NOK258/share (268) due to FX, dry wells and lower oil and gas prices, and in turn our target price to NOK320 (330). We include NOAKA (North of Alvheim Krafla Askja) with an 85% risk weight in our NAV. We believe this project will move forward in the coming quarters, albeit an asset swap with Equinor looks less likely. Trading at a P/NAV of 1x and at attractive dividend yields of 8.0% for 2020e and 8.9% for 2021e, we reiterate our BUY recommendation.

TekBot · juli 12, 2019, 4:59am

AKERBP: Oil discovery in the NOAKA area

Aker BP is about to complete the Liatårnet exploration well in licence 442 in
the NOAKA area. The well has proved oil with a gross resource estimate of 80-200
mmboe. Further data acquisition and analysis will be undertaken to determine the
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drainage strategy and recovery factor for the discovery.

Evy Glørstad-Clark, SVP Exploration in Aker BP commented:
“The exploration success at Liatårnet is an encouraging result of a long-term
strategy to unlock the exploration potential in the NOAKA area and provide the
basis for an area development. The discovery represents a significant addition
to the NOAKA resource base.”

Aker BP is the operator and holds 90.26 percent interest in licence 442. The
partner is LOTOS (9.74 percent).

A more detailed technical description of the well results will be released by
the Norwegian Petroleum Directorate when the operation has been completed.
Contacts:
Investor contact: Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889
Media contact: Ole-Johan Faret, Press Spokesman, tel.: +47 402 24 217
About Aker BP:
Aker BP is a fully-fledged E&P company with exploration, development and
production activities on the Norwegian Continental Shelf. Aker BP is the
operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. The
company is also a partner in the Johan Sverdrup field. Aker BP is headquartered
at Fornebu, Norway, and is listed on the Oslo Stock Exchange under the ticker
‘AKERBP’. More about Aker BP at www.akerbp.com.

This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.

Kilde

TekBot · juli 12, 2019, 5:01am

Aker BP: Resultat for andre kvartal 2019

Aker BP rapporterte totale driftsinntekter på 785 millioner dollar og et
driftsresultat på 354 millioner dollar for andre kvartal 2019. Netto resultat
var 62 millioner dollar. Framdriften for selskapets feltutbygginger går som
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planlagt, og leteprogrammet har så langt i år vært svært vellykket. Selskapet
betalte et utbytte på 187,5 millioner dollar (4,52 kroner per aksje) i
kvartalet.
Selskapets produksjon i andre kvartal var 127,3 (158,7) tusen fat
oljeekvivalenter per dag («mboepd»). Nedgangen fra forrige kvartal skyldtes
primært planlagt vedlikehold. Netto solgt volum var 140,7 (162,0) mboepd.
Selskapet opprettholder sitt produksjonsestimat for hele året på 155-160 mboepd.

Gjennomsnittlig realisert væskepris (olje og ngl) var 69,3 (63,9) dollar per
fat, mens realisert gasspris var 0,16 (0,24) dollar per standard kubikkmeter
(«scm»).

Produksjonskostnadene for olje og gass solgt i kvartalet var 198 (200) millioner
dollar. Produksjonskostnader per produsert fat oljeekvivalenter («boe») økte til
15,4 (13,4) dollar, hovedsakelig som følge av lavere produsert volum og høyere
vedlikeholdskostnader. Selskapet forventer lavere produksjonskostnad per boe i
andre halvår og opprettholder guidingen på om lag 12,5 dollar per boe som
gjennomsnitt for hele året.

Utforskingskostnader utgjorde 60 (90) millioner dollar. Totalt brukte selskapet
119 (159) millioner dollar på utforskingsaktivitet. Selskapet fullførte fire
utforskingsbrønner i kvartalet, og gjorde et funn i Froskelår Nordøst
-prospektet. Utforskingsbrønnen i Liatårnet-prospektet ble konkludert som et
oljefunn etter kvartalsslutt. Videre har selskapet lagt til to nye brønner i
årets leteprogram, og regner nå med å bruke om lag 550 (500) millioner dollar på
utforsking i 2019.

Avskrivinger ble 168 (183) millioner dollar, tilsvarende 14,5 (12,8) dollar per
boe. Resultat før skatt beløp seg til 268 (249) millioner dollar.
Skattekostnaden var 206 (239) millioner dollar, som tilsvarer en effektiv
skattesats på 77 (96) prosent. Netto resultat ble 62 (10) millioner dollar.

Investeringer i varige driftsmidler utgjorde 414 (364) millioner dollar i andre
kvartal. Alle selskapets feltutbyggingsprosjekter, inkludert Johan Sverdrup,
Valhall Flanke Vest og Ærfugl, utviklet seg som planlagt. Utgifter til fjerning
utgjorde 40 (21) millioner dollar, og var knyttet til fjerning av den gamle
boligplattformen på Valhall samt plugging av to brønner på det nedstengte Jette
-feltet.

Selskapet gjennomførte en vellykket refinansiering av gjelden i løpet av
kvartalet. Den tidligere sikrede bankfasiliteten på 4 milliarder dollar er nå
erstattet av en ny usikret bankfasilitet på 4 milliarder dollar, til lavere
rentekostnad og med lengre løpetid. Selskapet utstedte også en ny obligasjon på
750 millioner. Netto rentebærende gjeld var 2,9 (2,5) milliarder dollar ved
utgangen av kvartalet, inklusiv leasinggjeld på 0,4 milliarder dollar.
Selskapets tilgjengelige likviditet ved utgangen av kvartalet utgjorde 3,3 (3,0)
milliarder dollar.

Selskapet betalte i mai et kvartalsvis utbytte på 0,5207 dollar (4,52363 kroner)
per aksje. Styret har besluttet å betale et nytt kvartalsvis utbytte på 187,5
millioner dollar (0,5207 dollar per aksje / 4,44417 kroner per aksje) i august
2019. Styret forventer en utbyttebetaling på 187,5 millioner dollar også i
fjerde kvartal, noe som innebærer et totalt utbytte på 750 millioner dollar for
2019. Styrets ambisjon er å øke de årlige utbyttene med 100 millioner dollar per
år fram til 2023.

AkerBP Q2 2019 (https://mb.cision.com/Public/1629/2862132/8aead579959e61ed.pdf)

2019-Q2
presentation (https://mb.cision.com/Public/1629/2862132/b1303088d99043c5.pdf)

Presentasjon, webcast og telefonkonferansedetaljer

Kvartalsrapporten og presentasjonen er vedlagt denne meldingen (kun på engelsk),
og kan også lastes ned på våre nettsider www.akerbp.com

En webcast vil være tilgjengelig på våre nettsider fra kl. 08.30 (CEST). Dersom
du ønsker å følge vår webcast via telefon, ber vi om at du ringer inn 5 minutter
før presentasjonen starter og oppgir konferansekode 28 333 53 eller spør etter
Aker BP Second Quarter 2019 Presentation.

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|Lokasjon |Telefonnummer |
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|Norway |+47 2350 0296 |
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|United Kingdom|+44 (0)330 336 9411|
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Investorkontakt:
Kjetil Bakken, VP Investor Relations, tel.: +47 91 889 889

Mediekontakter:
Tore Langballe, VP Communications, tel.: +47 907 77 841
Ole-Johan Faret, Press Spokesman, tel.: +47 402 24 217
Om Aker BP:
Aker BP er et fullverdig oljeselskap som driver leting, utbygging og produksjon
på norsk kontinentalsokkel. Aker BP er operatør på Alvheim, Ivar Aasen, Skarv,
Valhall, Hod, Ula og Tambar. Selskapet er også partner i Johan Sverdrup-feltet.
Aker BP har hovedkontor på Fornebu og er notert på Oslo Børs under tickerkoden
AKERBP. Mer om Aker BP på www.akerbp.com.
Opplysningene i denne meldingen er informasjonspliktig etter
verdipapirhandelloven § 5-12.

Kilde

TekBot · juli 12, 2019, 5:01am

Aker BP second quarter and first half year 2019 report

Aker BP reported total income of USD 785 million and operating profit of USD 354
million for the second quarter 2019. Net profit was 62 million USD. All field
developments are progressing as planned, and the company’s exploration program
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has been highly successful so far this year. The company paid a dividend of USD
187.5 (USD 0.52 per share) in the quarter.
The company’s net production in the second quarter was 127.3 (158.7) thousand
barrels of oil equivalents per day (“mboepd”). The decrease was primarily driven
by planned maintenance. Net sold volume was 140.7 (162.0) mboepd. The company
maintains its full-year production estimate of 155-160 mboepd.

Average realised liquids price was USD 69.3 (63.9) per barrel, while the
realised price for natural gas averaged USD 0.16 (0.24) per standard cubic metre
(“scm”).

Production costs for the oil and gas sold in the quarter amounted to USD 198
(200) million. Production cost per produced barrel oil equivalents (“boe”)
increased to USD 15.4 (13.4) driven by the lower volume and high maintenance
activity. The company expects lower production cost per boe in the second half
of 2019, and maintains its guidance of around USD 12.5 per boe on average for
the full year.

Exploration expenses amounted to USD 60 (90) million. Total cash spend on
exploration was USD 119 (159) million. The company completed four exploration
wells in the quarter, of which the Froskelår NE well was classified as a
discovery. The Liatårnet well has been completed as a discovery after the end of
the quarter. The company has also added two new wells to the 2019 exploration
program and has consequently increased its expected exploration spend for the
year to around USD 550 (500) million.

Depreciation was USD 168 (183) million, equivalent to USD 14.5 (12.8) per boe.
Profit before taxes amounted to USD 268 (249) million. Tax expense was USD 206
(239) million, representing an effective tax rate of 77 (96) per cent. Net
profit was USD 62 (10) million.

Investments in fixed assets amounted to USD 414 (364) million in the second
quarter. All field development projects, including Johan Sverdrup, Valhall Flank
West and Ærfugl progressed according to plan. Abandonment expenditures were USD
40 (21) million, driven by removal of the Valhall QP and plugging of two wells
at the abandoned Jette field.

The company successfully put in place a new capital structure in the second
quarter. The previous USD 4 billion secured bank facility was replaced with a
new USD 4 billion senior unsecured facility at lower cost and extended maturity.
The company also issued a new USD 750 million bond. Net interest-bearing debt
was USD 2.9 (2.5) billion at the end of the quarter, including USD 0.4 billion
in lease debt. Total available liquidity at the end of the quarter was USD 3.3
(3.0) billion.

In May, the company paid a quarterly dividend of USD 0.5207 (NOK 4.52) per
share. The Board has resolved to pay a quarterly dividend of USD 187.5 million
(USD 0.5207 per share) in August 2019. The Board expects an additional quarterly
dividend of USD 187.5 million to be paid in the fourth quarter, implying total
annual dividends of USD 750 million. The Board’s ambition is to increase the
annual dividends by USD 100 million per year until 2023.

AkerBP Q2 2019 (https://mb.cision.com/Public/1629/2862129/8335e503d0cbb98c.pdf)

2019-Q2
presentation (https://mb.cision.com/Public/1629/2862129/aa7d0c140cf63e86.pdf)

Presentation, webcast and conference call details

The full report and presentation are attached and can also be found on
www.akerbp.com.

A live webcast will be available on our website from 08:30 (CEST).

To access the conference call, please contact the conference call operator at
the telephone numbers listed below. Please call in 5 minutes prior to the
scheduled start time and provide the confirmation code 28 333 53 or ask for the
Aker BP Second Quarter 2019 Presentation.

±-------------±------------------+
|Location |Phone Number |
±-------------±------------------+
|Norway |+47 2350 0296 |
±-------------±------------------+
|United Kingdom|+44 (0)330 336 9411|
±-------------±------------------+
Investor contact:
Kjetil Bakken, VP Investor Relations, tel.: +47 91 889 889

Media contact:
Tore Langballe, VP Communications, tel.: +47 907 77 841
Ole-Johan Faret, Press Spokesman, tel.: +47 402 24 217
About Aker BP:
Aker BP is a fully-fledged E&P company with exploration, development and
production activities on the Norwegian Continental Shelf. Aker BP is the
operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. The
company is also a partner in the Johan Sverdrup field. Aker BP is headquartered
at Fornebu, Norway, and is listed on the Oslo Stock Exchange under the ticker
‘AKERBP’. More about Aker BP at www.akerbp.com.

This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.

Kilde

TekBot · juli 12, 2019, 5:02am

AKERBP: Key information relating to the cash dividend to be paid by Aker BP ASA

Dividend amount: USD 0.5207 per share (NOK 4.44417 per share)

Declared currency: USD
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Last day of trading including right: 31 July 2019

Ex-date: 1 August 2019

Record date: 2 August 2019

Payment date: 9 August 2019

Date of approval: 11 July 2019

As per the updated loan agreement in the DETNOR02 bond loan (ISIN: NO
001068414.5), clause 12.4, bondholders have an option to put bonds at 107% of
the dividend distribution amount. A distribution event notice will be sent to
bondholders on the dividend payment date.
Contacts:
Investor contact: Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889
About Aker BP:
Aker BP is a fully-fledged E&P company with exploration, development and
production activities on the Norwegian Continental Shelf. Aker BP is the
operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. The
company is also a partner in the Johan Sverdrup field. Aker BP is headquartered
at Fornebu, Norway, and is listed on the Oslo Stock Exchange under the ticker
‘AKERBP’. More about Aker BP at www.akerbp.com.

This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.

Kilde

Krieghoff · juli 12, 2019, 8:52pm

I forbindelse med AkerBp kvartals presentasjons i dag så meldt de også om størrelse på siste funn ved Noaka området. Liatårnet har nå fått estimater på 80-200 MMboe noen som drar ressursanslaget opp til 500-700 MMboe for området. Til sammenligning så sankker vi volum som overgår Johan Castberg, Martin Linge, Edvard Grieg, Ivar Aasen og Goliat.

AkerBp sa videre at avgrensningsbrønner som var planlagt til neste år vil bli kraftig fremskyndet for å få enda mer data. Noaka området består for øvrig av Alvheim Nord (NOA, der Aker BP dominerer som eier) og Krafla/Askja (KA, der Equinor dominerer, men Aker BP er med som medeier).

Som allerede kjent så er AkerBp og Equinor rykende uenig om utviklingen av området. Fra mitt ståsted så er det liten tvil om det er AkerBp som ser ut til å ha det beste alternativet for utvikling av området og jeg holder en knapp på at de er villig til å strekke seg langt til å lande sitt forslag til løsning.

Det vi nå kan lure på er om sist ukes deal som ble gjort mellom Equinor og Lundin også vil bli gjort her. Min hypotese er at Equnior selger seg ned i lisensene i området mot økt andel i JS. Det vil være vinn vinn for begge selskaper.

TekBot · august 1, 2019, 5:00am

AKERBP: Ex dividend USD 0.5207 today

TekBot · august 1, 2019, 5:00am

AKERBP: Ex utbytte USD 0,5207 i dag

TekBot · august 9, 2019, 8:55am

DETNOR02: Distribution event notice

To the bondholders in the Det norske oljeselskap ASA 13/20 FRN (ISIN NO 001068414.5) (the “Bond Issue”) issued by Aker BP ASA (the “Issuer”) pursuant to the bond agreement originally dated 1 July 2013 and as amended and restated from time to time (the “Bond Agreement”).

All capitalized terms used herein shall have the meaning assigned to them in the Bond Agreement.
…

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On 9 August 2019 (the “Distribution Event Date”), the Issuer made a distribution to its shareholders in the aggregate amount of NOK 1,600,405,653. This notice constitutes a Distribution Event Notice as defined in the loan agreement.

The maximum aggregated number of Bonds to be repurchased by the Issuer is equal to 1,600,405,653 divided by the Face Value, being 1,600,405,653 (the “Distribution Put Bonds”).

As a consequence of this dividend payment, each Bondholder may require the Issuer to acquire Bonds at a price of 107% of par plus accrued interest, up to its pro rata share of 1,600,405,653 based on the proportion that such Bondholder’s holding of Bonds as of the Distribution Event Date (less Bonds owned directly by the Issuer) bear to the Distribution Put Bonds. The Issuer holds NOK 7,690,568 nominal worth of DETNOR02.

The Leverage Ratio as shown in the latest Compliance Certificate is 0.93x.

The Distribution Put Option must be exercised by each Bondholder within 23 August 2019. Detailed information on how to exercise the Distribution Put Option, including each Bondholder’s pro rata proportion of the Distribution Put Bonds, will promptly be forwarded to all Bondholders as registered in the Securities Depository (VPS) through the systems of VPS (the “VPS Notice”).

Bondholders (as registered directly in VPS) who do not receive a VPS Notice may contact the Bond Trustee at mail@nordictrustee.com to receive a copy of its VPS Notice.

Kilde

TekBot · september 5, 2019, 4:37am

AKERBP: Start-up of Johan Sverdrup expected in October 2019

Aker BP ASA is pleased to announce that start-up of production from the Johan
Sverdrup field should be ready to commence already in October this year.
Earlier this morning, 5 September 2019, the operator Equinor announced that the
…

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Johan Sverdrup development continues to progress well through the final stages
of preparation for operations. As a result of this, the planned schedule for
production start-up has been accelerated from November 2019 to October 2019.

The operator also presented updated operating costs and strong cash flow
estimates for the initial year of production. After reaching plateau for the
first phase of the Johan Sverdrup development, expected during the summer of
2020, the operator expects operating costs below USD 2 per barrel.
Contacts:
Investor contact: Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889
Media contact: Ole-Johan Faret, Press Spokesman, tel.: +47 402 24 217
About Aker BP:
Aker BP is a fully-fledged E&P company with exploration, development and
production activities on the Norwegian Continental Shelf. Aker BP is the
operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. The
company is also a partner in the Johan Sverdrup field. Aker BP is headquartered
at Fornebu, Norway, and is listed on the Oslo Stock Exchange under the ticker
‘AKERBP’. More about Aker BP at www.akerbp.com.

This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.

Kilde

TekBot · september 16, 2019, 3:33pm

Aker BP: Notifiable trading

Under Aker BP’s annual share saving plan, primary insiders of the company have
subscribed and been allocated shares in Aker BP according to the table below.
The shares are offered at a price of NOK 200.80, representing a 20 percent
…

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discount to the reference market price, and are subject to a three-year lock
-up.

Primary Position Shares ordered New holding
insider
Aas, Nina Deputy employee representative 512 2,800
Bakken, VP Investor Relations 1,259 2,346
Kjetil
Bratsberg, Special Advisor 512 54,802
Øyvind
Brevik, Deputy employee representative 194 350
Hilde
Kristin
Digre, SVP Operations & Asset Development 3,002 3,002
Kjetel
Hersvik, CEO 2,504 6,081
Karl Johnny
Holstad, Employee representative 867 2,656
Ørjan
Landøy, Lene SVP Strategy & Business Development 2,504 5,221
Langballe, VP Communication 1,508 3,449
Tore Dammann
Molvig, Ole SVP Reservoir 3,097 9,582
-Johan
Sigmundstad, SVP Drilling and Wells 1,010 8,538
Arne Tommy
Solheim, Employee representative 637 1,787
Terje
Tønne, David Chief Financial Officer 2,504 5,778
Torvik
Østhus, Jon VP Financial Reporting & Tax 313 937
Håkon

Contacts:
Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889

About Aker BP:
Aker BP is a fully-fledged E&P company with exploration, development and
production activities on the Norwegian Continental Shelf. Aker BP is the
operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. The
company is also a partner in the Johan Sverdrup field. Aker BP is headquartered
at Fornebu, Norway, and is listed on the Oslo Stock Exchange under the ticker
‘AKERBP’. More about Aker BP at www.akerbp.com.

This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.

Kilde

TekBot · september 18, 2019, 2:37pm

Notification of trade - acquisition of treasury shares

Krieghoff · september 20, 2019, 9:26am

Edit: Ryktene skal ha det til at JS startes svært tidlig i oktober.

TekBot · september 30, 2019, 11:42am