Aker BP has raised its outlook for production while lowering costs in its latest quarterly update.
The firm said it expected to achieve between 135 and 140 mboepd in 2017, compared to its January forecast for 128-135 mboepd.
Production costs are now predicted to come in at $10 per boe, down from $11 per boe previously.
Aker BP also said it was preparing to submit three PDOs during 2017, relating to the Valhall West Flank, Snadd and Storklakken projects.
Its earnings before interest, tax, depreciation and amortisation were $395million in the second quarter, up from $175million a year ago.
Aker BP chief executive Karl Johnny Hersvik said: “Aker BP continued to deliver solid performance in the second quarter with stable operations, efficient drilling operations and development projects progressing according to plan.
“The company continues to build on a strong platform for further value creation.”
AkerBP was established in September 2016 following the merger of Det norske oljeselskap and BP Norge.
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