Aker BP moving ahead with nine of ten PDO projects
Aker BP (OSE: AKRBP) (OTCQX: AKRBF; AKRBY) has notified the Norwegian Ministry of Petroleum and Energy that the company has acceded to all the Plans for Development and Operation submitted in December 2022, except from one. The Troldhaugen project in the Edvard Grieg area, which represents around four percent of the net estimated resources in these projects, has been discontinued. When an offshore field development decision is made in Norway, the licensees are required to submit a Plan for Development and Operation (PDO) to the Ministry of Petroleum and Energy (MPE) for approval. After