Aker BP reported total income of USD 684 million in Q3 2020

Aker BP reported total income of USD 684 (590) million and operating profit of USD 242 (178) million for the third quarter 2020, positively impacted by higher oil and gas prices.

Net profit was USD 80 (170) million.

The company’s net production in the third quarter was 201.6 (209.8) thousand barrels of oil equivalents per day (mboepd), down four percent from the previous quarter due to planned maintenance, drilling operations and project activities at several fields.

Due to underlift in the quarter, net sold volume was 187.7 (232.0) mboepd.

The company maintains its full-year production estimate and has narrowed the guiding range to 210-215 mboepd. 

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