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4Q 2019 Earnings Presentation – Aker BP

Aker BP · Feb 11, 2020 · 14 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 2019 Earnings Presentation – Aker BP – slide 1
    Fourth quarter 2019 Aker BP ASA 11 February 2020
  2. 4Q 2019 Earnings Presentation – Aker BP – slide 2
    AKER BP Fourth quarter 2019 highlights Key figures Q4-19 Q3-19 2019 New fields on stream Johan Sverdrup Production mboepd 191.1 146.1 155.9 Valhall Flank West Sales mboepd 184.5 143.3 157.6 Strong operational performance Realized…
  3. 4Q 2019 Earnings Presentation – Aker BP – slide 3
    OPERATIONAL REVIEW Production overview Net production, mboepd Production efficiency* 100% Alvheim Valhall Skarv Ivar Aasen Ula Other 191.1 95.8% Johan Sverdrup 93.4% 158.7 92.9% 155.7 155.9 91.6% 146.1 91.0% 90.4% 138.8 90%…
  4. 4Q 2019 Earnings Presentation – Aker BP – slide 4
    EXPLORATION 2019 exploration wells 16 wells completed high success rate License Prospect Operator Aker BP Est. Pre-drill Status share spud mmboe PL869 Froskelr Main Aker BP 60 % Q1 45 - 153 Discovery 60-130 mmboe PL857 Gjksen Equinor 20…
  5. 4Q 2019 Earnings Presentation – Aker BP – slide 5
    Financial review 6
  6. 4Q 2019 Earnings Presentation – Aker BP – slide 6
    FINANCIAL REVIEW Oil and gas sales Volume (mboepd) Realised prices (USD/boe) Petroleum revenues (USDm) Production Sales Liquids Natural gas +31% +29% +4% +36% 191.1 184.5 62.0 64.2 980 146.1 143.3 721 +3% 25.5 26.3 Q3-…
  7. 4Q 2019 Earnings Presentation – Aker BP – slide 7
    FINANCIAL REVIEW Income statement USD million Q4 2019 Q3 2019 Q4 2018* 2019 2018* Total income 1,003 723 916 3,347 3,752 Production costs 154 167 178 720 694 Other operating expenses 19 6 8 35 17 EBITDAX 830 550 731 2,591 3,041…
  8. 4Q 2019 Earnings Presentation – Aker BP – slide 8
    FINANCIAL REVIEW Statement of financial position USD million Assets 31.12.19 30.09.19 31.12.18* Equity and liabilities 31.12.19 30.09.19 31.12.18* Goodwill 1,713 1,713 1,860 Equity 2,368 2,444 2,977 Other provisions for liabilities…
  9. 4Q 2019 Earnings Presentation – Aker BP – slide 9
    FINANCIAL REVIEW Cash flow fourth quarter 2019 USD million CF Operations 199 CF Financing 25 CF Investing 724 490 42 9 5 188 335 5 107 Opening Net debt Operations Tax paid Capex & Expex Abex Other Dividends Closing…
  10. 4Q 2019 Earnings Presentation – Aker BP – slide 10
    FINANCIAL REVIEW Tax payments USD million For fiscal year 2017 For fiscal year 2018 For fiscal year 2019 340 208 199 163 106 106 100 67 69 50 34 34 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19 Q1-20…
  11. 4Q 2019 Earnings Presentation – Aker BP – slide 11
    FINANCIAL REVIEW Guidance summary Updated 2019 guidance1) Actual 2019 Production2) 155 mboepd 155.9 mboepd Capex3) USD 1.6-1.7 billion USD 1.67 billion Exploration spend USD 550 million USD 501 million Abandonment spend USD 100…
  12. 4Q 2019 Earnings Presentation – Aker BP – slide 12
    FINANCIAL GUIDANCE 2020 Growing production Reducing spend Increasing dividends Production Capital spend Production cost Dividend mboepd USD billion USD/boe USD million Abex Exploration Capex +36% +13% -4% -19% 205-220 2.3 12.4…
  13. 4Q 2019 Earnings Presentation – Aker BP – slide 13
    AKER BP Priorities ahead Execute Start-up of new wells Excellent project execution Improve Keep momentum on improvement agenda Mature the Aker BP operating model Mobilize for NOAKA area development Grow Mature…
  14. 4Q 2019 Earnings Presentation – Aker BP – slide 14

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