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4Q 2017 Presentation – Aker BP

Aker BP · Feb 2, 2018 · 15 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 4Q 2017 Presentation – Aker BP – slide 1
    Q4 2017 AKER BP ASA KARL JOHNNY HERSVIK, CEO ALEXANDER KRANE, CFO 2 FEBRUARY 2018
  2. 4Q 2017 Presentation – Aker BP – slide 2
    AKER BP ASA Key events in Q4-17 Operations Q4 production 135.6 mboepd 2017 production 138.8 mboepd High drilling and maintenance activity Fatal accident on Maersk Interceptor Financial results Q4 EBITDA USD 509 million, EPS USD…
  3. 4Q 2017 Presentation – Aker BP – slide 3
    OPERATIONS Oil and gas production Net production* (boepd) Q4 production 135.6 mboepd (157.9 pro forma) 2017 production 138.8 mboepd (159.6 pro forma) Ivar Aasen at plateau one year ahead of plan High drilling efficiency Strong…
  4. 4Q 2017 Presentation – Aker BP – slide 4
    OPERATIONS Three PDOs submitted significant improvements delivered rfugl Valhall Flank West Skogul Volume 197 56 10 (mmboe) +40% +7% -5% gross 275 60 10 CAPEX 10.6 7.2 1.6 (NOKbn) -20% -24% -3% gross 8.5 5.5 1.5…
  5. 4Q 2017 Presentation – Aker BP – slide 5
    Financials Q4 2017
  6. 4Q 2017 Presentation – Aker BP – slide 6
    FINANCIALS Statement of income (USD million) Q4 2017 Q4 2016 2017 2016 Total operating income 726 656 2,563 1,364 Production costs 147 121 523 227 Other operating expenses 14 5 28 22 EBITDAX 565 529 2,012 1,115 Exploration expenses…
  7. 4Q 2017 Presentation – Aker BP – slide 7
    FINANCIALS Statement of financial position Assets Equity and liabilities (USD million) 31.12.17 31.12.16 (USD million) 31.12.17 31.12.16 Goodwill Equity 2,989 2,449 1,860 1,847 Other intangible assets Other provisions for liabilities…
  8. 4Q 2017 Presentation – Aker BP – slide 8
    FINANCIALS Fourth quarter cash flow and liquidity Cash flow (USDm) Strong cash flow in Q4-17 Free cash flow (ex M&A effects) USD 235 million Acquisition of Hess Norge AS, sale to Pandion Attractive M&A deals 308 Hess Norge acquired…
  9. 4Q 2017 Presentation – Aker BP – slide 9
    FINANCIALS Guidance Item 2017 actual 2017 guidance 2018 guidance CAPEX 888 million USD 900 950 million USD 1.3 billion EXPEX 262 million USD 280 300 million USD 350 million Production 138.8 mboepd 135 140 mboepd 155 160…
  10. 4Q 2017 Presentation – Aker BP – slide 10
    2018 plans
  11. 4Q 2017 Presentation – Aker BP – slide 11
    OPERATIONS Investing to maximize value of existing production hubs High activity in 2018 maturing more opportunities Alvheim Valhall Ula Ivar Aasen Skarv Frosk exploration well 4 IP wells Tambar wells on Hanz appraisal Kvitungen…
  12. 4Q 2017 Presentation – Aker BP – slide 12
    I K J EXPLORATION E 2018 exploration schedule D H Aker BP Pre-drill License Prospect name Operator share mmboe* Time PL340 Frosk Aker BP 65 % 3 - 21 Q1 A PL790 Raudsen Aker BP 30 % 9 - 74 Q1 B PL839 Kvitungen Tumler Aker…
  13. 4Q 2017 Presentation – Aker BP – slide 13
    EXPLORATION APA 2017 license awards Awarded 23 new licenses 14 as operator Adding growth opportunities North Sea (3 licenses) Norwegian Sea (1 license) Barents Sea (3 licenses) Strengthening position around existing hubs Alvheim…
  14. 4Q 2017 Presentation – Aker BP – slide 14
    CONCLUDING REMARKS Priorities going forward Safe and efficient operations Execute Excellent project delivery Relentless focus on cost reductions and Safety productivity gains Improve Mature projects to below 35 USD/boe…
  15. 4Q 2017 Presentation – Aker BP – slide 15

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