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CORPORATE STRATEGY

Q&A: Aker BP Seeks Growth in Turbulent Times

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Norway-focused E&P Aker BP is poised to sanction a new wave of offshore projects this year to take advantage of high prices and beneficial tax terms. Having almost doubled output to some 400,000 barrels of oil equivalent per day with its recent acquisition of Lundin Energy's oil and gas business, the Oslo-listed independent will spend upward of $15 billion on developments to further lift production to 525,000 boe/d by 2028 — up to 25% of it gas. Energy Intelligence caught up with Aker BP CEO Karl Johnny Hersvik to discuss the company's plans in turbulent times. An edited transcript follows.

Topics:
Upstream Projects, Offshore Oil and Gas, Corporate Strategy , Independent E&Ps
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