Aker BP: Oil discovery near Yggdrasil
Aker BP (OSE:AKRBP, OTCQX:AKRBF) is nearing completion of drilling the Øst Frigg Beta/Epsilon exploration well, situated in the Yggdrasil area of the Norwegian North Sea. The well has resulted in a significant oil discovery. Preliminary estimates indicate a gross recoverable volume of 40-90 million barrels of oil equivalent (mmboe), surpassing the previously communicated pre-drill estimate of 18-45 mmboe. The discovery enhances the resource base for the Yggdrasil development, which was previously stated at 650 mmboe (gross). The Plan for Development and Operations (PDO) was submitted to