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Aker BP

Company Summary

Description

Aker BP is a fully-fledged E&P company with exploration, development and production activities on the Norwegian Continental Shelf (NCS).

Website

https://www.akerbp.com/en/about-us/

Related Entities

Recent news

  • 9/5/2023 - Höegh LNG and Aker BP... (subscriber access)
  • 6/29/2023 - Aker BP's Development... (subscriber access)
  • 6/29/2023 - Norway Secures Position... (subscriber access)
  • 6/12/2023 - AkerBP Reports Discovery... (subscriber access)
  • 5/25/2023 - Aker BP Announces New... (subscriber access)

Investor Presentations

Company Transactions

Date: 12/31/2018
Type: Acquisition

BUYERS:
  • Aker BP
    • SELLERS:
  • Equinor ASA
    • DETAILS:

    COST: 250 $MM

    NOTES:
    Aker BP has acquired Equinor's 77.8% interest in the King Lear gas/condensate discovery in the Norwegian North Sea for $250 million. According to data from the Norwegian Petroleum Directorate, net recoverable resources in the King Lear discovery is roughly 77 MMboe. Aker BP estimates a total resource addition of more than 100 MMboe, including increased oil recovery potential from the Ula field.
    REGIONS:
  • North Sea

    • Date: 7/31/2018
    Type: Acquisition

    BUYERS:
  • Aker BP
    • SELLERS:
  • TotalEnergies
    • DETAILS:

    COST: 205 $MM

    VOLUMES: 83 MMBOE

    NOTES:
    Aker BP has entered into a deal with Total to acquire their stake in 11 Norwegian Continental Shelf Licenses for $205 million. The deal includes net recoverable resources of 83 MMboe, based in initial estimates.
    REGIONS:
  • Norwegian Continental Shelf

    • Date: 12/22/2017
    Type: Acquisition

    BUYERS:
  • Aker BP
    • SELLERS:
  • Hess Corporation
  • Hess Norge
    • DETAILS:

    COST: 2 $B

    VOLUMES: 26 MBOE/d

    NOTES:
    Hess Norge owns interests in the Valhall (64.05%) and Hod (62.5%) fields
    REGIONS:
  • Norwegian Continental Shelf
  • Norwegian Sea