Aker BP farms in to new UKCS licence in the greater Alvheim area
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 percent 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