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  4. Aker BP farms in to UKCS licence for first time

Aker BP farms in to UKCS licence for first time

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Oilfield Technology,

Aker BP UK, a newly established subsidiary of Aker BP in Norway, has entered into an agreement with Eni UK to take over a 50% interest in licence P2511 on the UK Continental Shelf. Eni UK will remain operator.

The assignment transaction is to be formally approved by the UK Oil & Gas Authority.

Licence P2511 is located to the borderline of the Norwegian continental shelf. Aker BP as operator has several discoveries in the Alvheim area on the Norwegian side, following a successful exploration campaign in 2019.

The key objective for the newly established partnership between Eni UK and Aker BP UK is to explore the resource potential across the UK border in the greater Alvheim area.


Read the latest issue of Oilfield Technology in full for free: Oilfield Technology's November/December 2020 issue

The November/December issue of Oilfield Technology begins by reviewing the state of the North Sea before moving on to cover a range of topics, including Drilling Technologies, Deepwater Operations, Flow Control.

Contributors come from Varel Energy Solutions, Gyrodata, Clariant Oil Services, Drillmec and many more.

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/24032021/aker-bp-farms-in-to-ukcs-licence-for-first-time/

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