Special reports - 16 January 2018

The two companies have completed the transfer of rights in Lapa and Iara concessions.

The work will be performed with the subsea vessel Havila Subsea from early February onwards.

Aker BP has a strong cash flow outlook and a robust balance sheet with a US$2.9 billion liquidity reserve, enabling the company to increase dividends for 2018 to US$450 million, and further strengthen its position as the leading independent E&P company offshore.

Site activities have been suspended pending repairs and are expected to resume mid-February.

Gavin Booth joins the company as sales manager for UK and Holland while Thomas Karlsen is welcomed as sales manager of Scandinavia. The duo bring more than 20 years of oil and gas experience to Pipetech.