Aker BP ASA Announces Pro-Forma Production Results for the Year 2017; Provides Production Guidance for the Year 2018
The company provided production guidance for the year 2018. For the year 2018, production is expected to be between 155 and 160 mboepd, with an average production cost of $12 per boe. With its current portfolio, the company has the potential to produce 330 mboepd in 2023 (from both sanctioned and non-sanctioned projects), representing a compound average growth rate of 13%. The company announced capex guidance of $1.3 billion.