Aker BP acquires Lundin Energy’s oil and gas business
The E&P company of the future Reference is made to the merger announcement regarding the agreement with Lundin Energy AB (“Lundin Energy”) where Aker BP ASA (“Aker BP”) is to acquire Lundin Energy’s oil and gas related activities, through a statutory merger, to create the E&P company of the future. The company will be the largest listed E&P company focused purely on the Norwegian Continental Shelf (“NCS”). The transaction values the acquired assets to approximately NOK 125 billion. The merger of Aker BP and Lundin Energy unites two highly successful E&P companies which have both been