AkerBP recorded a “solid” fourth quarter, according to its chief executive.
The company reported a turnover of $656million and an average daily production of 126,500 boepd.
Chief executive Karl Johnny Hersvik said: “Aker BP continued to deliver a solid performance in the fourth quarter with stable, safe and efficient operations. The Ivar Aasen production start-up 24 December – on schedule and within the overall budget framework – was a major milestone for the company as operator. The company paid its first dividend in December and aims to sustain a minimum dividend level of $250million per year going forward.”
In December, the company paid its first dividend of $0.185 per share. The next dividend payment, also of $0.185 per share is scheduled to be paid out on or about February 17, 2017.
On 17 January 2017, Aker BP was offered ownership in 21 new licenses, including 13 operatorship in the 2016 Awards in Pre-defined Areas.
The firm also completed drilling its North Sea Langfjellet prospect in PL442 during the fourth quarter. Preliminary volume estimates for the discovery are in the range of 24 to 74 million barrels of oil equivalent.
As previously announced at Aker BP’s Capital Markets Day in January 2017, total net resource additions from exploration was 83 mmboe in 2016, stemming from the Langfjellet discovery and the drilling campaign at Askja/Krafla.
Finally, the Valhall area passed 1 billion boe produced late 2016 and preparations are ongoing to resume drilling on the field from the injection platform in early 2017.