LYSAKER, Norway, July 12, 2024 /PRNewswire/ -- Aker BP continued to demonstrate strong operational performance in the second quarter of 2024, characterised by high production efficiency, low cost, and low emissions. All field development projects progressed as planned. Highlights High production: Oil and gas production averaged 444 (448) thousand barrels of oil equivalent per day (mboepd) in the second quarter, supported by a production efficiency of 95 (93) percent. Full-year guidance has been revised to 420-440 (410-440) mboepd. Low cost: Production cost was USD 6.4 (6.1) per barrel produced, below the full-year guidance of USD 7 due to strong operational performance and currency effects. Low emissions: Greenhouse gas emission intensity was 2.9 (3.0) kg CO2e per boe (scope 1&2), positioning Aker BP among the lowest in the global oil & gas industry. Project execution on track: All field development projects are progressing as planned in terms of both schedule and costs. Hanz commenced production in the second quarter, and Tyrving remains on track for an accelerated start-up in the fourth quarter of this year. Strong financial performance: Aker BP reported EBITDA of USD 3.0 (2.8) billion, operating profit of USD 2.3 (2.2) billion, and net profit of