Aker BP strengthens North Sea portfolio with Japex agreement
Published by Emilie Grant,
Editorial Assistant
Oilfield Technology,
Aker BP ASA has entered into an agreement with Japex Norge AS to swap a 10% interest in the Aker BP-operated Alve Nord development and a 3.5% interest in the Verdande development.
In exchange, Aker BP will receive Japex’s Northern North Sea portfolio and a cash consideration of US$14 million.
Japex’s Northern North Sea portfolio comprises a 15% interest in the Kjøttkake discovery (PL1182S), a 10% interest in the Kveikje discovery (PL293B/PL293CS), and a 20% interest in PL1212S. By increasing its stake in Kjøttkake to 45% and entering Kveikje with 10%, Aker BP strengthens its position in a high-potential cluster of discoveries.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/28072025/aker-bp-strengthens-north-sea-portfolio-with-japex-agreement/
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