Aker BP confirms oil discovery near Yggdrasil
Aker BP (OSE:AKRBP, OTCQX:AKRBF) has successfully completed the drilling of the Øst Frigg Beta/Epsilon exploration well in the Yggdrasil area. This marks the longest exploration well ever drilled on the Norwegian Continental Shelf and has resulted in a significant oil discovery. The updated estimate of the discovery size is 53-90 million barrels of oil equivalent (mmboe), which is twice as large as the original pre-drill estimate and slightly larger than the preliminary estimates announced on 25 May. The discovery, located in the Yggdrasil area, contributes to increasing the