Aker BP has been offered interests in 10 new production licenses in Norway, of which 8 as operator, through the Awards in pre-defined areas (APA 2020) licensing round.

Of the 10 production licenses awarded to Aker BP, 7 are located in the North Sea (all as operator) and 3 in the Norwegian Sea (1 as operator).

We are very pleased with these awards. There are several interesting growth and new play opportunities in the licenses awarded to Aker BP today, says Evy Glørstad, Senior Vice President Exploration and Reservoir in Aker BP.
The annual APA awards continuous to be very important to Aker BP in order to maintain a high exploration activity in mature areas on the Norwegian shelf. These awards strengthen Aker BP’s position on the NCS and is a basis for continued exploration activity and value creation both in core areas and new grow opportunities, says Glørstad.
The APA 2020 awards were announced by the Ministry of Petroleum and Energy on Tuesday 19 January 2021. In total, 61 licenses were offered to a total of 30 companies.

About Aker BP

Aker BP is a fully-fledged E&P company with exploration, development, and production activities on the Norwegian Continental Shelf. Aker BP is the operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. The company is also a partner in the Johan Sverdrup field. Aker BP’s CO2 intensity (below 5kg CO2/boe in Q2 2020) is less than a third of the global industry average, and well below the average for Norwegian continental shelf operators. Aker BP is headquartered at Fornebu, Norway, and is listed on the Oslo Stock Exchange under the ticker AKERBP.