Aker BP has entered into an settlement with Total E&P Norge to accumulate its pursuits in a portfolio of 11 licences on the Norwegian Continental Shelf for a money consideration of USD 205 million.
The portfolio contains 4 discoveries with internet recoverable sources of 83 million barrels oil equivalents (mmboe), primarily based on estimates from the Norwegian Petroleum Directorate.
Two of the discoveries, Trell and Trine, are situated close to the Aker BP-operated Alvheim area and are anticipated to be produced via the Alvheim FPSO.
The Alve Nord discovery is situated north of the Aker BP-operated Skarv area, and could be produced via the Skarv FPSO.
The Rind discovery is a part of the NOAKA space the place the entire recoverable sources are estimated to greater than 500 mmboe, and the place Aker BP is working in the direction of a brand new space improvement.
In addition to those discoveries, the transaction additionally gives the corporate with elevated curiosity in exploration acreage close to the Aker BP-operated Ula area. The transaction is topic to approval by Norwegian authorities.
Karl Johnny Hersvik, CEO of Aker BP feedback:
“We see an enormous worth creation potential in maximizing manufacturing via our operated manufacturing hubs. This requires steady improvement and optimisation of the prevailing reserves and sources, in addition to including new sources via exploration and acquisitions of current discoveries.
With this transaction, we get entry to new tie-back alternatives within the Alvheim and Skarv areas, we strengthen our useful resource base within the NOAKA space, and we improve our curiosity in exploration acreage close to the Ula area. These new sources will additional strengthen our long-term manufacturing profile and contribute positively to future earnings.”

(Source: Aker BP)

The publish AKER BP ACQUIRES 11 LICENCES FROM TOTAL IN THE NORWEGIAN NORTH SEA appeared first on Energy Global News.

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