Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Norway
  4. Oslo Bors
  5. Aker BP ASA
  6. News
  7. Summary
    AKRBP   NO0010345853

AKER BP ASA

(AKRBP)
  Report
Real-time Quote. Real-time Oslo Bors - 12/03 10:28:34 am
297.2 NOK   +1.71%
11/29ART EXHIBITION : From analog to digital
PU
11/19Norway's oil and gas output exceeded forecast in October
RE
11/19Norway's oil and gas output exceeded forecast in October
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Press release: The Ula field is 35 years old - and plans to stick around for at least ten more

10/06/2021 | 02:16am EST

When the Ula field was officially opened on October 1986, the ambition was to produce for 10-11 years. Over the course of 35 years, it has produced more than three times what was expected at start-up. The goal is to continue operations until 2032.

"Ula is a truly success story. The field has generated enormous values for both owners and the broader society over the course of 35 years," says Ine Dolve, Aker BP's SVP Operations and Asset Development.

"Since the start-up in 1986, Ula and its neighbouring field Tambar have produced close to 600 million barrels of oil equivalent and about NOK 110 billion worth of oil has been sold," Dolve adds.

The Ula field, which is located in the southern part of the North Sea, is entering the late-phase. Good management of all barriers and efficient utilisation of resources are crucial factors for success.

"We're proud of what we've achieved on Ula. But the story doesn't end here: Our ambition is to produce at least 70 million more barrels from the Ula area leading up to 2032," says Ula VP Jorunn Kvåle.

35 years after the start-up of production, the Ula VP invited Kari Thu, the former mayer of Stavanger who officially opened the Ula field in 1986, to meet 35-year-old Roger Gabrielsen, who currently works as automation specialist on Ula to mark the anniversary at Aker BP in Stavanger.

  • Watch the video from the special meeting (subtitles in English) and get more info at akerbp.com

Disclaimer

Aker BP ASA published this content on 06 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2021 06:15:01 UTC.


ę Publicnow 2021
All news about AKER BP ASA
11/29ART EXHIBITION : From analog to digital
PU
11/19Norway's oil and gas output exceeded forecast in October
RE
11/19Norway's oil and gas output exceeded forecast in October
RE
11/18Norway oil firms raise 2022 investment forecasts
RE
11/18Norway oil firms raise 2022 investment forecasts
RE
11/17EIOF - Report for 3rd Quarter 2021
AQ
11/12Equinor's Sverdrup oilfield back at full output after outage
RE
11/11Equinor prepares to restart Sverdrup, western Europe's largest oilfield
RE
11/11PRESS RELEASE : PDMR notification of trade
PU
11/11PDMR notification of trade
AQ
More news
Analyst Recommendations on AKER BP ASA
More recommendations
Financials
Sales 2021 45 927 M 5 005 M 5 005 M
Net income 2021 6 682 M 728 M 728 M
Net Debt 2021 16 302 M 1 776 M 1 776 M
P/E ratio 2021 16,0x
Yield 2021 3,84%
Capitalization 107 B 11 639 M 11 637 M
EV / Sales 2021 2,68x
EV / Sales 2022 2,39x
Nbr of Employees 1 745
Free-Float 35,0%
Chart AKER BP ASA
Duration : Period :
Aker BP ASA Technical Analysis Chart | AKRBP | NO0010345853 | MarketScreener
Technical analysis trends AKER BP ASA
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 292,20 NOK
Average target price 332,98 NOK
Spread / Average Target 14,0%
EPS Revisions
Managers and Directors
Karl Johnny Hersvik Chief Executive Officer
David Torvik T°nne Chief Financial Officer
ěyvind Eriksen Chairman
Ine Dolve SVP-Operations & Asset Development
Trond Brandsrud Independent Director
Sector and Competitors
1st jan.Capi. (M$)
AKER BP ASA35.15%11 548
CONOCOPHILLIPS78.19%93 988
EOG RESOURCES, INC.73.57%50 645
CANADIAN NATURAL RESOURCES LIMITED69.07%47 528
CNOOC LIMITED7.38%44 683
PIONEER NATURAL RESOURCES COMPANY53.04%43 214