Aker BP Targets 35% Production Growth by 2028 Amid Strong Q3 Performance
Aker BP reported a strong third quarter, characterized by robust earnings and healthy cash flow. CEO Karl Hersvik noted significant operational progress, specifically highlighting that the Skarv Satellites project is commencing nearly one year ahead of its original schedule. The company has outlined an ambitious growth strategy aiming for approximately 35% production growth through 2028. Despite this long-term expansion goal, Aker BP maintains its production guidance of 380,000 to 400,000 barrels per day (bpd) for the year 2026.
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Topics: cash flow earnings report oil and gas operational updates