AKRBP Aker BP ASA

Aker BP (OB:AKRBP) and partners have updated resource estimates for the Verdandi and Lillefix discoveries in the Norwegian North Sea. The revision follows new appraisal drilling activity, which has provided fresh subsurface data on both discoveries. Project partners are assessing commercial options, including a possible tie back of Verdandi and Lillefix volumes to the Symra field. The upgraded Verdandi and Lillefix resource estimates deserve weighing against the rest of our Aker BP findings...

The partners are assessing the discovery’s commercial viability and the feasibility of tying it back to the Symra field.

Preliminary estimates indicate recoverable volumes of between 150,000scm and 2.4mscm of oil equivalent.

Aker BP discovered natural gas with preliminary estimates of about 5.3-84.8 million cubic feet on Norway's side of the North Sea, some 16 miles north of the producing Duva field.

Aker BP has discovered gas in the North Sea, with preliminary estimates of up to 15 million barrels of recoverable oil equivalent.

The Norwegian Energy Ministry received applications from 21 companies including international majors for the country's expanded exploration licensing round.

EQNR collaborates with Aker BP and Vaar Energi to target high-impact NCS exploration, sharing costs and risks in pursuit of larger oil and gas discoveries.

'Production from the Skarv Satellites is expected to account for a significant share of Aker BP's production in the Skarv area for several years'.

The developments collectively hold approximately 120mboe in recoverable resources, increasing flexibility and extending the life of Skarv infrastructure.

The collaboration aims to identify major new finds to enable stand-alone field projects and help sustain long-term value on the NCS.

Equinor (OB:EQNR) has joined Aker BP and Vår Energi in a new exploration collaboration on the Norwegian continental shelf, focusing on 20 to 25 higher risk, high impact prospects over the next few years. See our latest analysis for Equinor. For investors watching Equinor, the collaboration sits alongside a share price of NOK394.8, with an 11.75% 90 day share price return and a 63.41% year to date share price return. The 5 year total shareholder return is 210.91%, suggesting strong long term...

Equinor, Aker BP and Vår Energi will jointly target high-impact prospects across the Norwegian Continental Shelf.

Equinor and Aker BP have made a gas and condensate discovery at the Linga prospect near the producing Balder field in Norway’s North Sea.