Aker BP, which is partly owned by BP said earnings before interest and tax declined to $2.62 billion from $3.89 billion a year earlier, but remained above forecast of $2.46 billion in a company-compiled poll of analysts.
Production costs for the year are now seen at between $6.0-6.5 per barrel of oil equivalent, down from $6.0-7.0 previously, Aker BP said in a statement.
The company narrowed its full-year production guidance to 455,000-465,000 barrels of oil equivalent per day (boed), from 445,000-470,000 boed previously.
Aker BP, a partner in Norway’s largest oilfield Johan Sverdrup, on Oct. 5 reported that production totalled around 449,800 boed in the third quarter, down from a record 481,000 boed in the previous quarter.
The company maintained its quarterly dividend at $0.55 per share.
Reporting by Nerijus Adomaitis, editing by Terje Solsvik and Varun H K – Reuters