Aker Bp Asa Ord (AKRBF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.365 Good morning and welcome to Akabipi's presentation of our third quarter 2025 00:00:05.365 -- 00:00:10.538 results. Today's agenda reflects a strong quarter with clear momentum 00:00:10.538 -- 00:00:16.278 in both operations and strategy. We'll start with an update on the operational performance, 00:00:16.278 -- 00:00:17.901 which continues 00:00:17.901 -- 00:00:22.910 to deliver solid results. Then we'll move to our field development portfolio, where 00:00:22.910 -- 00:00:28.740 we remain firmly on track. We're also very pleased with our exploration results. 00:00:28.740 -- 00:00:34.591 So far this year, we've made two significant discoveries, Omega Alpha and Kjøttkake. 00:00:34.591 -- 00:00:39.579 And, with several additional wells currently being drilled, we see the potential to reach 00:00:39.579 -- 00:00:44.587 100 million barrels discovered in 2025, net to AKBP. 00:00:44.587 -- 00:00:49.594 And, as always, CFO David Tønne will take us through the financials later in 00:00:49.594 -- 00:00:51.695 the presentation. 00:00:51.878 -- 00:00:55.323 In the third quarter, production averaged 414,000 00:00:55.323 -- 00:00:59.212 barrels per day, in line with previous quarters. 00:00:59.212 -- 00:01:04.239 This time, we had a planned maintenance shutdown at Griegåsen, similar in impact 00:01:04.239 -- 00:01:08.526 to the maintenance shutdown at Valhall and Ula in Q2. 00:01:08.526 -- 00:01:13.293 Despite the shutdown, portfolio-wide production efficiency stayed high at 96%. 00:01:13.293 -- 00:01:18.420 Other assets, including Johan Sverdrup, continued to perform very well, 00:01:18.420 -- 00:01:24.592 with efficiencies ranging from 92 to a nearly perfect 100%. 00:01:24.592 -- 00:01:29.640 Looking ahead, we expect our assets to maintain str...