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Aker BP is a leading exploration and production company focused on oil and gas operations on the Norwegian continental shelf. The company operates the Alvheim, Eiga (Edvard Grieg and Ivar Aasen), Skarv, Ula, and Valhall field centres and is a key partner in the Johan Sverdrup field. Headquartered in Fornebu, Norway, Aker BP is listed on the Oslo Børs under the ticker AKRBP.

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  • Aker BP ASA
    Oksenøyveien 10 1366 Lysaker Norway
    +47 51 35 30 00
    http://www.akerbp.com/en

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    Aker BP increases ownership interest in Johan Sverdrup following redetermination

    Aker BP ASA and its partners have completed the redetermination process for the Johan Sverdrup Unit. Following the redetermination, Aker BP’s ownership interest will be 31.7163 percent, compared with 31.5733 percent previously.  The redetermination process was initiated in January 2025 and conducted in accordance with the unit agreement. It included an expert determination, resulting in revised ownership interests based on updated technical and production data.  As part of the redetermination, historic investments and production volumes will be reallocated among the partners in line

    Aker BP and Equinor to unlock additional value on the Norwegian Continental Shelf

    Aker BP and Equinor have entered into a strategic collaboration aimed at increasing production and value creation across selected parts of their portfolios on the Norwegian Continental Shelf (NCS). As a first step, the companies have agreed on a set of transactions in the Ringvei Vest, Yggdrasil and Wisting areas. The transactions are intended to better align ownership interests, support coordinated development and enhance overall resource recovery. "This collaboration improves ownership alignment in areas where we see significant potential, while coordination with Equinor will

    First Quarter 2026 Results

    Aker BP delivered strong operational and financial performance in the first quarter of 2026. Production was stable, significant progress was made across the major development projects, and Symra achieved first oil nine months ahead of original schedule – an important contributor to the company’s production outlook. Highlights · Stable production: Net production averaged 398 mboepd, with production efficiency of 97 percent across the portfolio. · Symra ahead of schedule: First oil was achieved on 3 April, nine months ahead of the original plan, adding near-term production from the

    Minutes from Annual General Meeting 2026

    The annual general meeting of Aker BP ASA (OSE: AKRBP) (OTCQX: AKRBF; AKRBY) was held on 21 April 2026 as a digital meeting with online participation. The minutes are attached and available at akerbp.com/general-meeting/.At the general meeting, Øyvind Eriksen was re-elected as chair of the board and Trond Brandsrud, Doris Reiter and Charles Ashley Heppenstall were re-elected as directors. David Latin was elected as new director. All were elected for the period from the annual general meeting in 2026 until the annual general meeting in 2027. Following the elections, the board of Aker BP

    First quarter 2026 trading update

    Aker BP (OSE: AKRBP) will publish its report for the first quarter of 2026 on 7 May 2026. Today, the company provides preliminary production and sales figures for the quarter.  Production and salesAker BP’s equity production for the quarter averaged 398.4 thousand barrels of oil equivalent per day (mboepd). Due to overlift, the net volume sold in the quarter was 405.7 mboepd. Volume (mboepd) Q1-26 Q4-25Net production 398.4 410.6Overlift/(underlift) 7.3 20.8Net volume sold 405.7 431.4Of which liquids 352.2 372.5Of which natural gas 53.4

    Symra on stream

    Aker BP has started oil production from the Symra field in the North Sea. The project has been delivered nine months ahead of original schedule, generating significant value and accelerating production start into 2026. The field is estimated to contribute approximately 63 million barrels of oil equivalent to the Eiga area. Symra is located approximately 7 km north-east of the Ivar Aasen platform and has been developed as the second subsea tie-back to Ivar Aasen. Production will be partially processed at Ivar Aasen before final processing at Edvard Grieg. The development comprises four

    Notice of annual general meeting in Aker BP

    The annual general meeting of Aker BP ASA will be held on Tuesday 21 April 2026 at 09:00 CEST. The meeting will be conducted as a virtual meeting and will be accessible via Lumi AGM. Shareholders may participate, vote, and submit questions using smartphones, tablets, or desktop devices. Further details are available at www.akerbp.com/general-meeting. The notice of the annual general meeting is attached. All documents to be considered by the meeting are available at www.akerbp.com/general-meeting.

    Aker BP establishes next‑generation MMO alliance with Aker Solutions

    Aker BP has awarded Aker Solutions a long‑term agreement for Maintenance, Modification and Operation services (MMO) covering all Aker BP‑operated assets on the Norwegian continental shelf.   The five-year agreement, effective from 1 March 2026, includes options for two additional four-year periods, ensuring a predictable and long-term collaboration between the companies.  The next generation MMO alliance will be a key enabler for Aker BP’s ambitions to advance marginal field developments and modernise existing facilities. By working in fully integrated teams across the value chain,

    Fourth Quarter 2025 Results and Strategy Update

    Aker BP delivered solid operational and financial performance in the fourth quarter of 2025, with high production efficiency, low costs and low emissions, and continued progress across all major development projects. The company further strengthened its long‑term outlook through successful exploration, the maturation of new opportunities across its hubs, and continued deployment of digital and alliance‑based execution models. Fourth quarter highlights · Stable production: Net production averaged 411 mboepd, supported by 96 percent production efficiency and safe, reliable operations

    Solveig Phase 2 on stream

    Aker BP has started oil production from the Solveig Phase 2 development in the North Sea. The project has been delivered on schedule and within budget, adding approximately 39 million barrels of oil equivalent in recoverable resources to the Solveig field. Solveig is located around 15 kilometres south of the Edvard Grieg platform and is a subsea development tied back to Edvard Grieg through existing infrastructure. The development comprises three wells targeting both new and existing reservoir segments, and will help extend plateau production from the Solveig field while making efficient

    Aker BP - Fourth quarter 2025 trading update

    Aker BP (OSE: AKRBP) will publish its fourth-quarter 2025 report on 11 February 2026. Today, the company provides preliminary production and sales figures for the quarter and the full year.  Production and salesAker BP’s net production (working interest) averaged 410.6 thousand barrels of oil equivalent per day (mboepd) in the fourth quarter. Due to overlift of 20.8 mboepd, the net volume sold in the quarter was 431.4 mboepd.  For the full year 2025, net production averaged 420.1 mboepd, in line with the latest guidance of 410-425 mboepd and at the high end of the original guidance

    Aker BP awarded 22 licenses in APA 2025

    The Norwegian authorities have offered Aker BP ownership interests in 22 exploration licences on the Norwegian Continental Shelf (NCS) in the APA 2025 licensing round. Aker BP has been awarded operatorship in 12 of the licences. The awards strengthen the company’s position as one of the most active exploration companies on the NCS.  “We are pleased with the outcome of this year’s APA round. The awards support our long-term growth ambitions on the Norwegian Continental Shelf and provide a solid basis for pursuing a focused and value-driven exploration strategy,” says Petter Sørhaug, SVP

    New discovery makes 2025 a standout exploration year for Aker BP

    Aker BP and operator Equinor have made a significant gas and condensate discovery in the Lofn and Langemann wells in the Sleipner area of the North Sea. Gross recoverable volumes are estimated at 30 to 110 million barrels of oil equivalent (mmboe).  “The Lofn and Langemann discovery marks the conclusion of a strong exploration year for Aker BP. Across three major discoveries, we have added more than 100 million barrels net to the company, including Omega Alfa and Kjøttkake earlier this year”, says Karl Johnny Hersvik, CEO of Aker BP.  “This makes 2025 our most successful exploration

    Ten years of Edvard Grieg – Value creation, technological innovation, and a new identity

    The Edvard Grieg field celebrates ten years of production and introduces a new area name: Eiga. On 28 November 2025, it will be ten years since Edvard Grieg began production on the Utsira High in the North Sea. The field has been a pioneer on the Norwegian continental shelf, with a platform built in Norway and a vision to serve as a hub for future developments. [EdvardGriegPlatform.png] Since 2022, Edvard Grieg has been part of the combined Grieg Aasen asset. The fields are now taking a new step into the future with a new area name: Eiga. “Ten years of Edvard Grieg marks a

    Aker BP awards shares and issues new grants under LTIP programme

    Aker BP has finalised share awards under its 2022–2025 Long-Term Incentive Programme (LTIP) and initiated new grants for the 2025–2028 cycle. The LTIP is designed to align executive performance with long-term shareholder value creation. About the LTIPThe LTIP is a share-based programme for the Executive Management Team (EMT). Grants are awarded annually, vest over three years, and are subject to a one-year lock-up. Each grant corresponds to one underlying share, with the number of grants equal to 20 percent of base salary divided by the Aker BP share price at the time of award.

    Aker BP and DNO expand collaboration and accelerate development of Kjøttkake

    Aker BP ASA and DNO ASA have entered into agreements that strengthen Aker BP’s position in the Alvheim area and accelerate the development of the Kjøttkake discovery. The agreements include an exchange of ownership interests across several licences and the transfer of operatorship for Kjøttkake to Aker BP in the development phase. Under the agreements, Aker BP will assume operatorship of the Kjøttkake discovery in the development phase, enabling the company to leverage its fast-track development capabilities for efficient project execution. As part of the agreements, Aker BP will divest

    Aker BP completes refinancing of existing credit facilities

    Aker BP has successfully refinanced its existing revolving credit facilities through a syndicate of international banks. “This refinancing further strengthens our financial position and provides increased flexibility to support Aker BP’s strategic ambitions. We are pleased with the strong interest from our banking partners and the competitive terms achieved,” said David Tønne, Chief Financial Officer of Aker BP. The new facility totals USD 3,225 million, and is structured as follows · A Liquidity Facility of USD 2 billion, maturing in 2030, with options that could extend maturity

    Aker BP ASA announces completion of Senior Notes Offering

    Aker BP ASA (the “Company”) is pleased to announce that it has successfully completed its senior notes offering (the “Offering”) of $1,000 million aggregate principal amount of 5.250% Senior Notes due 2035 (the “Notes”).  The Company intends to use the net proceeds of the Offering for general corporate purposes. For further information, please contact: Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889 John Ole Hægeland, VP Corporate Finance, tel.: +47 906 06 169 Cautionary Statements  This press release is for information purposes only and does not constitute a

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