Aker BP Strengthens Position with New Exploration Licenses on Norwegian Shelf

Aker BP ASA ( (GB:0M5J) ) just unveiled an announcement.

Aker BP has been awarded ownership interests in 19 exploration licenses on the Norwegian continental shelf as part of the APA 2024 licensing round, with operatorship granted for 16 of these licenses. This award solidifies Aker BP’s position as a leading independent exploration company on the shelf, enabling it to pursue its growth ambitions through the development of new oil and gas discoveries. The focus on leveraging technology and digitalization underscores the company’s strategy to balance exploration near existing fields and potential standalone developments, ensuring long-term activity and innovation in the sector.

More about Aker BP ASA

Aker BP is a leading exploration and production company focused on oil and gas operations on the Norwegian continental shelf. The company operates several field centres including Alvheim, Edvard Grieg, Ivar Aasen, Skarv, Ula, and Valhall, 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.

YTD Price Performance: 14.77%

Average Trading Volume: 179,175

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: NOK159.4B

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