AKER EXPLORATION - A FOCUSED OFFSHORE EXPLORATION COMPA
- Aker Exploration is prepared to break through an impasse that is inhibiting oil and gas exploration on Norwegian Continental Shelf, says Leif-Arne Langøy, Chairman and CEO of Aker ASA.- Oil companies are struggling to get a hold of drilling rigs for limited contract periods. In today`s tight rig market, such short-term drilling contracts are unattractive to rig companies, Langøy explains. - Aker Exploration`s solution is to offer top-notch know-how and drilling capacity in exchange for an ownership interest in offshore licenses. Norway`s Ministry of Petroleum and Energy recently