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Q3 2019 Aker BP ASA Earnings Call Transcript
Okay. Good morning, everyone, and welcome to this Aker BP Third Quarter 2019 Presentation here at Fornebuporten. A warm welcome also to those of you who follow us online or on the conference call.
So let me just open with a few high-level comments on the quarter. The biggest event of this quarter is, of course, the startup of Johan Sverdrup, which we've waited for, for quite some time. I'll come back to this in more detail shortly.
I am also pleased to report that all of the Aker BP operated field developments are progressing as planned. And in sum, this mean that Aker BP is on track to deliver strong production growth in the coming quarters.
On the operational side, we delivered high production efficiency across the portfolio. The main challenge in Q3, however, was related to the stimulation program at Valhall, which leads to delayed startup of new wells and consequently resulted in production below plan in Q3. I will also revert to this later in the presentation.
On the exploration side, this has been yet another successful
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