Aker BP will buy Apache’s Losgann/Froskelår interest and acquire operatorship and a majority holding in the Slagugle area.

The Svarteknippa prospect is located 15km west of the Aker BP-operated Solveig field and 220km west of Stavanger.

Investing.com -- Shares in oil and gas producers across the U.S. and Europe fell sharply after the U.S. military halted two weeks of strikes on Iran, with Tehran signaling it would suspend its own attacks as long as the pause holds, easing fears of a broader Middle East escalation and dragging crude prices lower.

Aker BP has almost doubled shareholders' money over the past five years, yet its valuation signals are split, with a Discounted Cash Flow (DCF) intrinsic value suggesting the stock trades at a discount while earnings based multiples point to a richer price tag. A roughly 97.4% total return over five years signals that Aker BP has already delivered substantial gains for long term holders, so fresh buyers need to think carefully about what is already reflected in the price. Strong operational...

Aker BP ASA (AKRBF) reports an all-time high operating cash flow and outlines future growth strategies amid rising production costs and CapEx challenges.