Aker BP acquires Hess Norge
Aker BP ASA (“Aker BP”) has entered into an agreement to acquire Hess Norge AS (“Hess Norge”). Through the transaction, Aker BP strengthens its production and resource base, and becomes the sole owner of the Valhall and Hod fields, where the company sees a great value creation potential through increased oil recovery and flank developments. The company intends to increase shareholder dividends following the transaction. *** A conference call will be held today (October 24 2017) at 08:00 CET. Please see below for call-in details *** The cash consideration of the transaction is USD 2.0