Aker BP ASA (LTS:0M5J)
kr 228.4 -0.3 (-0.13%) Market Cap: 143.25 Bil Enterprise Value: 179.89 Bil PE Ratio: 9.41 PB Ratio: 1.07 GF Score: 80/100
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Q3 2024 Aker BP ASA Earnings Call Transcript

Oct 30, 2024 / 07:30AM GMT
Release Date Price: kr232.9 (+2.80%)
Karl Johnny Hersvik
Aker BP ASA - CEO

Good morning, everyone. With this intro from the successful installation and start up of the Titering field. We welcome you to our B P's third quarter in 2024 it will as usual be given by our CFO David Tønne and myself followed by a Q&A session.

The turbine project received government approval in June last year with an original plan to commence production in Q1 2025. However, through effective planning and execution together and alongside our alliance partners, we managed to start production in early September, 5 months ahead of schedule and below budget.

This is a prime example of value creation, Aker BP during the quarter, our operational performance has been excellent marked by high production efficiency and effective execution. Despite maintenance activities at several assets, we have consistently demonstrated strong cost discipline and we maintain our position as a global industry leader in low emissions.

I am also pleased to report that our projects are progressing well, fabrication, installation and assembly activities are

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