AKRBP’s Q2 update was mixed - as the Q2 financials were neutral, the two key events were the exploration success in the Yggdrasil area, overshadowed by the raised capex forecast. For the first time since FID in late 2022, the capex forecast for the 2023-28 development program has been revised up, by an increment of USD 1.2bn (or 6% on key projects). Since 2018, AKRBP has successfully delivered 12 projects on time and within budget, and has maintained nine consecutive quarters without any increas ....
