Aker BP (AKRBP)

TekBot · januar 15, 2020, 2:14pm

Invitation to Aker BP’s Q4 2019 conference call

Aker BP will publish its financial results for the fourth quarter 2019 on
Tuesday 11 February 2020 at 07:00 (CET). A conference call will be hosted at
08:00 (CET).
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Conference call details:

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 (6600761) or ask for the Aker BP Fourth Quarter 2019
Presentation.

Location Phone Number
Norway +47 21 00 26 10
United Kingdom +44 (0)330 336 9125

A replay of the conference call will be made available on the company’s website
www.akerbp.com/en.

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 · januar 15, 2020, 2:15pm

Invitation to Aker BP’s Capital Markets Update on 11 February 2020

Aker BP is pleased to invite investors, analysts and media to its Capital
Markets Update on Tuesday 11 February at 10:00 (CET) at Hotel Continental, Oslo,
Norway.
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Program:

09:30-10:00 (CET): Registration at Hotel Continental

10:00-12:30 (CET): Capital Markets Update - presentations by executive
management in Aker BP

Light refreshments will be served. To attend, please submit your registration to
registration@akerbp.com by 4 February 2020.

A live webcast of the presentations will be available on the company’s website
www.akerbp.com/en.

Investor contact:

Kjetil Bakken, VP Investor Relations, tel.: +47 91 889 889

Lars Mattis Hanssen, Senior IR Professional, tel.: +47 994 59 460

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 · januar 23, 2020, 7:49am

Fourth quarter 2019 trading update

Aker BP will publish its financial report for the fourth quarter 2019 on Tuesday
11 February 2020. The company issues this statement to summarise its production
and sales volumes and certain accounting-related topics for the quarter.
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Oil and gas production and sales
Aker BP’s net production in the fourth quarter 2019 was 191.1 thousand barrels
of oil equivalents per day (“mboepd”). This represents a new all-time high for
Aker BP, reflecting the successful start-up of production from the Johan
Sverdrup field. For the year 2019, the company’s net production averaged 155.9
mboepd.

Net sold volumes, which are the basis for revenue recognition in the financial
statement, were 184.5 mboepd, reflecting underlift of 6.6 mboepd in the quarter.

Volumes (mboepd) Q4-19 Q3-19 2019 2018
Net production 191.1 146.1 155.9 155.7
Over/(underlift) (6.6) (2.9) 1.8 (1.1)
Net sold volume 184.5 143.3 157.6 154.6
Of which liquids 151.4 113.4 126.6 121.5
Of which natural gas 33.1 29.8 31.0 33.1

Capitalized interest
The Johan Sverdrup asset has been reclassified from “Assets under development”
to “Production facilities” following the production start. Consequently, the
share of the company’s interest expenses allocated to development projects and
hence capitalized has been significantly reduced, leading to a higher share of
the company’s interest expenses being recognized in the income statement.
Capitalized interest cost in the fourth quarter is expected to be approximately
USD 15 million, compared to USD 44 million in the previous quarter.

Disclaimer
The information in this statement is based on a preliminary assessment of the
company’s fourth 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, 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 · februar 11, 2020, 6:00am

Aker BP strengthens its position in the Skarv area

Aker BP has entered into an agreement with PGNiG Upstream Norway AS to swap its
3.3 percent interest in the non-operated Gina Krog field and an 11.9175 percent
interest in licence 127C, in exchange for a 5 percent interest and operatorship
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in licence 838 and a cash consideration.

Licence 838 contains the recent Shrek discovery near the Aker BP operated Skarv
field. The transaction and the transfer of operatorship to Aker BP will enable
an efficient development of this discovery as a tie-back to the Skarv FPSO. The
licence also holds further exploration potential.

Licence 127C contains the Alve Nord discovery and the Alve NE prospect, which is
also located in the Skarv area. Aker BP plans to drill an exploration well in
the licence in 2020.

The transaction will provide Aker BP with a total cash consideration of up to
USD 62 million, consisting of a firm payment of USD 51 million upon closing and
an additional payment of USD 11 million contingent on a development of the Alve
Nord discovery.

After this transaction, Aker BP will hold 35 percent interest in licence 838 and
88.0825 percent interest in licence 127C, while it will have fully divested its
interest in the Gina Krog field. The effective date for the transaction is 1
January 2020.

The transaction is subject to approval by the Norwegian authorities.

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.

Kilde

TekBot · februar 11, 2020, 6:00am

Resultat for fjerde kvartal 2019 og kapitalmarkedsoppdatering

Fjerde kvartal markerte slutten på et fremgangsrikt år for Aker BP. For første
gang oversteg selskapets inntekter 1 milliard dollar i løpet av et kvartal,
drevet av rekordhøy oljeproduksjon. Produksjonsveksten kommer som følge av den
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gode oppstarten av Johan Sverdrup-feltet, kombinert med fortsatt sterk
produksjon fra selskapets øvrige felt. Aker BP betalte et utbytte på 187,5
millioner dollar (4,74 kroner per aksje) i kvartalet. Samlet utbytte i 2019 var
750 millioner dollar (18,12 kroner per aksje).

Aker BP rapporterte totale driftsinntekter på 1 003 (723) millioner dollar for
fjerde kvartal 2019. Produksjonskostnader per produsert fat oljeekvivalenter
utgjorde 9,1 (13,2) dollar. For hele året var produksjonskostnadene 12,4 (12,1)
dollar per fat, i tråd med selskapets guiding. Utforskingskostnader utgjorde 85
(70) millioner dollar for fjerde kvartal og 501 (359) millioner dollar for hele
året, lavere enn siste guiding på 550 millioner dollar.

Resultat før skatt beløp seg til 424 (143) millioner dollar. Skattekostnaden var
312 (186) millioner dollar. Netto resultat for fjerde kvartal var 112 millioner
dollar.

Alle selskapets feltutbygginger utviklet seg som planlagt, og både Johan
Sverdrup og Valhall Flanke Vest kom i produksjon i løpet av kvartalet. For 2019
utgjorde samlede investeringer i varige driftsmidler 1 667 (1 202) millioner
dollar, i tråd med selskapets siste guiding på mellom 1,6 og 1,7 milliarder
dollar.

Styret har besluttet å betale et kvartalsvis utbytte på 212,5 millioner dollar
(0,5901 dollar per aksje) i februar 2020.

Kapitalmarkedsoppdatering

Aker BP presenterer i dag en selskapsoppdatering til kapitalmarkedet. Selskapets
strategi ligger fast, og selskapet er meget godt posisjonert til å levere sterk
vekst, lave kostnader og lave utslipp.

Finansielle utsikter for 2020

· Aker BP forventer å produsere et sted mellom 205 og 220 tusen fat
oljeekvivalenter per dag i 2020.
· Aker BP investerer i lønnsom vekst, og selskapet anslår at investeringer i
varige driftsmidler vil utgjøre 1,5 milliarder dollar i 2020.
· Aker BP planlegger for deltakelse i 10 utforskingsbrønner i 2020, og
forventer å bruke om lag 500 millioner dollar på utforskingsaktiviteter.
· Utgifter til fjerning i 2020 er anslått til 200 millioner dollar.
· Produksjonskostnader per enhet forventes å gå ned med om lag 20 prosent i
forhold til 2019, ned til et nivå på om lag 10 dollar per fat oljeekvivalenter.
· Utbytte er forslått til 850 millioner dollar for 2020.

Et oljeselskap med lave utslipp

Aker BP fortsetter å være et oljeselskap med lav utslippsintensitet av
karbondioksid, med et utslippsnivå som ligger under halvparten av det globale
gjennomsnittet, og under gjennomsnittet for norsk sokkel.

Aker BP annonserer i dag at selskapets utslippsnivå vil reduseres ytterligere
til et målsatt nivå på under fem kilo karbondioksid per fat oljeekvivalenter fra
og med 2020.

Nærmere en samordnet utvikling av NOAKA-området

NOAKA-området består av funnene Frigg Gamma Delta, Langfjellet, Frøy, Fulla,
Frigg, Rind og Krafla-Askja. Området er anslått å inneholde mer enn 500
millioner fat oljeekvivalenter, med mulighet for ytterligere oppside gjennom
videre utforsking og avgrensning.

Aker BP har en konstruktiv dialog med lisenspartnerne i området for å oppnå en
samordnet teknisk utbyggingsløsning som omfatter alle de påviste ressursene i
NOAKA-området. En utbygging av NOAKA vil kunne representere en betydelig
verdiskaping for lisenshaverne så vel som det norske samfunn.

Telefonkonferansedetaljer for presentasjonen av resultat for fjerde kvartal
2019:

Kvartalsrapporten og presentasjonen er vedlagt denne meldingen (kun på engelsk),
og kan også lastes ned på våre nettsider www.akerbp.com
Det vil bli arrangert en telefonkonferanse klokken 08:00. Vi ber om at du ringer
inn 5 minutter før presentasjonen starter og oppgir konferansekode 6600761 eller
spør etter Aker BP Fourth Quarter 2019 Presentation.

Telefonnummer:
Norge: +47 21 00 26 10
Storbritannia: +44 (0) 330 336 9125
Konferansekode: 6600761

En webcast vil også være tilgjengelig på våre nettsider fra klokken 08:00.

Webcast av kapitalmarkedsoppdateringen:

En live webcast er tilgjengelig på vår nettside www.akerbp.com, og starter
klokken 10:00. Presentasjonsmaterialet blir offentliggjort på våre nettsider om
lag klokken 08:45.

Aker BP Q4 2019
Report.pdf (https://mb.cision.com/Public/1629/3032194/ac68e0eedaca7ec9.pdf)

Aker BP Q4 2019
Presentation.pdf (https://mb.cision.com/Public/1629/3032194/8a4d712fb4d45a16.pdf)

Investorkontakt:
Kjetil Bakken, VP Investor Relations, tel.: +47 91 889 889
Lars Mattis Hanssen, Senior IR professional, tel.: +47 994 59 460

Mediakontakt:
Tore Langballe, VP Communications, tel.: +47 907 77 841
Ole-Johan Faret, pressetalsmann, 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 · februar 11, 2020, 6:01am

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

Dividend amount: USD 0.5901 per share (NOK 5,45251 per share)

Declared currency: USD
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Last day of trading including right: 12 February 2020

Ex-date: 13 February 2020

Record date: 14?February 2020

Payment date: 24?February 2020

Date of approval: 10 February 2020

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
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 · februar 11, 2020, 7:46am

Capital Markets Update presentation

The presentation material for Aker BP’s Capital Market Update 2020 is attached,
and has also been made available on the company’s website www.akerbp.com.

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Aker BP CMU
2020.pdf (https://mb.cision.com/Public/1629/3032197/a983dbbff2bd1e8d.pdf)

Investor contact:
Kjetil Bakken, VP Investor Relations, tel.: +47 91 889 889
Lars Mattis Hanssen, Senior IR professional, tel.: +47 994 59 460

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

kula · februar 11, 2020, 8:46am

TekBot · februar 13, 2020, 6:00am

Ex utbytte USD 0,5901 i dag

TekBot · februar 24, 2020, 8:47am

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 dated 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 24 February 2020 (the “Distribution Event Date”), the Issuer made a distribution to its shareholders in the aggregate amount of NOK 1,963,522,509. 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 1,963,522,509 divided by the Face Value, being 1,963,522,509(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 1,963,522,509, 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 9,570,640 nominal worth of DETNOR02.

The Leverage Ratio as shown in the latest Compliance Certificate is 1.24x.

The Distribution Put Option must be exercised by each Bondholder within 9 March 2020. 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 · mars 9, 2020, 9:31am

Primærinnsider kjøper aksjer i Aker BP

E24Bot · mars 9, 2020, 2:11pm

TekBot · mars 9, 2020, 3:43pm

Notification of trade - acquisition of treasury shares

TekBot · mars 10, 2020, 4:12pm

Notification of trade - acquisition of treasury shares

zappa66 · mars 11, 2020, 2:26pm

@Krieghoff eller andre, hvor lav oljepris tåler Aker BP over tid?

meursault · mars 11, 2020, 3:28pm

Det er snakk om ca. 10 USD / fat hvis man skroter utbytte og investeringer på ca. 1,5 milliarder. Med utbytte og investeringer ca. 50 USD / fat break even.

Krieghoff · mars 11, 2020, 4:28pm

De tjener penger og har vekst på $35. Utvinningskost ligger i dag rundt 10$ og målet er 7$.

Rasp · mars 11, 2020, 8:19pm

Noen som vet om de vil kjøre samme strategi som Equinor og ta opp lån for å opprettholde utbytte dersom oljeprisen holder seg lav en periode eller vil de da skrote utbytter?

Kaisovski · mars 11, 2020, 8:21pm

Håper og tror de skroter utbyttet. Uansvarlig å cjøre noe annet.
Kjøp heller svinbillige prosjekter fra de som betaler ut sin siste cashflow i utbytte.

Kaisovski · mars 12, 2020, 2:48pm

Hva skjer med Junkbondgjelden til AkerBP i disse tider?