"Aker BP" News

Aker BP CEO Predicts Fast Johan Sverdrup Ramp-up

Sep 13, 2018

Aker BP, a partner in Norway's giant Johan Sverdrup oilfield, expects a fast ramp-up of production when the initial development phase ends in late 2019, its chief executive said on Thursday.'I think it will be done in a few months, because the production per well is so high…

Chevron becomes first oil major to exit Norway

Oct 10, 2018

U.S. oil firm Chevron will become the first oil major to formally exit the Norwegian continental shelf (NCS) as it transfers its last stake in an exploration license, according to a government letter.Oil majors, including Exxon Mobil, BP and Shell…

Aker Solutions, Equinor Strengthen Collaboration

Sep 26, 2018

Aker Solutions has signed a strategic, global collaboration agreement with Equinor to ensure mutual and continuous improvement on current and future subsea projects within the domains of safety, quality, technology, execution and cost.'Aker…

Lundin Petroleum Says Arctic Oil Test Points to Bigger Reservoir

Sep 25, 2018

Swedish oil firm Lundin Petroleum expects to increase its resource estimate for the Alta discovery in Norway's Arctic region following a successful two-month production test.Finding significant oil reserves in the Norwegian Arctic has been challenging for oil firms…

Norway Awards Oil Permits to 11 Firms in Arctic Licensing Round

Jun 18, 2018

Norway has awarded 12 oil and gas exploration licences to Equinor and 10 other companies focused mostly on the Arctic, where Oslo believes it has the greatest potential for significant new discoveries.Nine of the licences are located in the…

Aker BP takes stake in Fishbones technology

Dec 19, 2017

Norwegian oil and gas firm Aker BP has taken a 17% stake in reservoir stimulation technology firm Fishbones, joining Statoil as an investor in the firm. The Fishbone concept was initially developed for a field trial at Valhall, operated by Aker BP…

Aker BP submits three PDOs

Dec 15, 2017

Norwegian operator Aker BP has submitted three plans for development and operations to the Norwegian Ministry of Petroleum and Energy for projects on the Norwegian Continental Shelf.  Aker BP is planning to develop Valhall Flank West…

Aker BP sells stake in Valhall, Hod

Dec 04, 2017

Norway's Aker BP has agreed to divest a 10% stake in the Valhall and Hod fields to new firm Pandion Energy. The move comes shortly after Aker BP acquired Hess Norge, which gave it 100% ownership in Valhall and Hod, and comes as Aker BP…

Aker BP completes Hess, Pandion deals

Dec 22, 2017

Operator Aker BP has completed an acquisition of Hess Norge, which owns 10% stakes in the Norwegian North Sea Valhall and Hod fields, from Hess Corp for US$2 billion.  At the same time, a deal by Aker BP to sell 10% interest in the…

75 licenses awarded offshore Norway - highest ever

Jan 16, 2018

The highest number of licenses ever have been awarded in Norway's latest licensing round, with 75 licenses awarded to 19 operators, led by Norwegian major Statoil.  The Norwegian Ministry of Petroleum and Energy says 34 oil companies…

Aker BP picks Subsea 7, Aker Solutions for new subsea tieback

Dec 11, 2017

Aker BP has awarded contracts to Subsea 7 and Aker Solutions for work on its Ærfugl gas field subsea tieback in the Norwegian Sea. The Ærfugl gas field development, previously known as Snadd, about 210km west of Sandnessjøen in the Norwegian Sea…

Aker BP agrees two drilling and wells alliances

Nov 21, 2017

Norwegian oil firm Aker BP (Aker BP) has agreed two drilling and well alliance agreements for its assets in the Norwegian sector. One is with Maersk Drilling and Halliburton for use of jackups, and one is with Odfjell Drilling and Halliburton for semisubmersibles…

Kvaerner lands Valhall Flank West wellhead platform

Dec 18, 2017

Norwegian engineering and fabrication firm Kvaerner has been awarded a US$120 million (NOK1 billion) contract for delivery of the topside and steel jacket substructure for Valhall Flank West by operator Aker BP.  Kvaerner's scope includes procurement…

Tambar restarts production, investigation continues

Dec 13, 2017

Production has restarted from Aker BP's Tambar platform, offshore Norway, where a man died last week after in serious incident on the rig, which remains under investigation. Tambar is about 16km southeast of Ula facilities in 68m water depth in the Norwegian North Sea…

Hess inks $2 billion Norway sale

Oct 24, 2017

Aker BP has agreed to buy Hess Norge, which includes major stakes in the Valhall and Hod fields, from Hess for US$2 billion as the US oil firm continues an offshore asset sale. Yesterday, Kosmos Energy said it had agreed to acquire Hess' 85% stake in two long-producing oil fields…

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