Aker BP ASA (OTCQX:AKRBF) Q2 2025 Earnings Convention Name July 15, 2025 2:30 AM ET
Firm Members
David Torvik Tonne – Chief Monetary Officer
Karl Johnny Hersvik – Chief Govt Officer
Kjetil Bakken – Vice President of Investor Relations & Company Finance
Convention Name Members
Christopher Courtenay Wheaton – Stifel, Nicolaus & Firm, Included, Analysis Division
James Carmichael – Joh. Berenberg, Gossler & Co. KG, Analysis Division
John A. Schj. Olaisen – ABG Sundal Collier Holding ASA, Analysis Division
Mark Wilson – Jefferies LLC, Analysis Division
Matthew Smith – BofA Securities, Analysis Division
Naisheng Cui – Barclays Financial institution PLC, Analysis Division
Tianhong Bi – Citigroup Inc., Analysis Division
Victoria McCulloch – RBC Capital Markets, Analysis Division
Karl Johnny Hersvik
Good morning, and welcome to Aker BP’s presentation of our Q2 2025 outcomes. Immediately’s agenda displays a robust quarter with clear momentum throughout each our operations and our strategic priorities. We’ll start with an replace on our operational efficiency, which continues to ship stable outcomes. Then we’ll transfer on to our discipline growth portfolio, the place we stay firmly on monitor and the place now we have sanctioned 2 new enlargement initiatives this quarter at Johan Sverdrup and Yggdrasil . We’re additionally happy to share encouraging information from Yggdrasil on the exploration aspect, the place now we have found extra oil in an ongoing exploration nicely. And as all the time, our CFO, David Tonne, will information you thru the financials later within the presentation.
Within the second quarter, manufacturing averaged 415,000 barrels per day, down 26,000 barrels from the primary quarter. This decline was primarily as a consequence of a 1-month deliberate upkeep shutdown at Valhall and Ula. Regardless of the shutdown, we maintained a portfolio- vast manufacturing effectivity of 95%. Our different belongings, together with Johan Sverdrup, continued to carry out rather well with a manufacturing effectivity starting from 96% to just about 100%.
